{"id":12903,"date":"2020-11-04T04:57:16","date_gmt":"2020-11-04T04:57:16","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=12903"},"modified":"2020-11-04T04:58:24","modified_gmt":"2020-11-04T04:58:24","slug":"news-commentary-1204-hightwolf-bitcoin-6th-best-weekly-close","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=12903","title":{"rendered":"News Commentary #1,204 – HightWolf | Bitcoin 6th Best Weekly Close?"},"content":{"rendered":"\n

HightWolf<\/a> (reviewed here<\/a>) once again informs visitors and participants about some important news from the world of cryptocurrencies. I truly believe that most of the HYIP investors belong to the camp of people who know what cryptocurrency is and why it has become more and more popular every day for a decade already.<\/span><\/span><\/p> \n

If you’ve never been interested in reading this kind of news, may be now is a good time to try again \ud83d\ude42 ? …<\/p>\n

\"\"<\/a><\/p>\n

Click this LINK<\/a> to watch the Presentation Video!<\/p>\n

Here is the news that HightWolf<\/a><\/span><\/span> program decided to bring for all of us:<\/p>\n\n\n

\n
Bitcoin sees 6th best weekly close in history.<\/span><\/strong>

<\/p>\n

At $13,070<\/strong>, Bitcoin sealed its second-highest weekly close since January 2018 on Sunday and its sixth-highest ever.<\/p>\n

On a technical level, this is no mean feat \u2014 BTC\/USD has beaten out long-term weekly resistance at $11,900 and also held those higher levels.<\/div>\n
 <\/div>\n
Retaking and holding $12,000 has been notably absent even from Bitcoin\u2019s most successful periods since the end of its bull market in late 2017, when it reached $20,000.<\/div>\n
 <\/div>\n
In both 2019 and earlier in 2020, brief spurts above $12,000 all ended in rejection and a retreat to lower levels on weekly timeframes.<\/div>\n
 <\/div>\n
This week\u2019s close thus provides another turning point for Bitcoin, and analysts are hopeful that its significance is genuine.<\/div>\n
 <\/div>\n
Others were more conservative prior to the event, with Cointelegraph Markets analyst Micha\u00ebl van de Poppe eyeing a short-term pullback.<\/div>\n
 <\/div>\n
Van de Poppe said that the area just below $11,500 is essential to hold in order to maintain current trajectory.<\/div>\n
 <\/div>\n
\u201cI think this is a likely scenario, not expecting a clear breaker above $14,000 yet,\u201d he wrote on Sunday.<\/div>\n
 <\/div>\n
\u201cA retest of previous resistance zone to build momentum towards the next rally towards $17,000 beginning next year.\u201d<\/div>\n
 <\/div>\n
or quant analyst PlanB, however, the coming months should provide more of a shock to the system for Bitcoin market participants before a slowdown and consolidation phase begins.<\/div>\n
 <\/div>\n
Creator of the stock-to-flow family of Bitcoin price models, PlanB has been wholly satisfied with Bitcoin price performance since the latest block subsidy halving in May. Price has conformed exactly to stock-to-flow\u2019s demands, and the latest jump has proven no exception.<\/div>\n
 <\/div>\n
Looking ahead, he argues that the huge supply buy-up seen last week will accelerate to a peak before dying off.<\/div>\n
 <\/div>\n
\u201cSupply shortage after the halving eats into the pool of bitcoins available for sale and leads to increasing supply\/demand pressure .. until it snaps, a couple of months later,\u201d he wrote during a Twitter conversation over the weekend.<\/div>\n
 <\/div>\n
\u201cActually I calculate the \u2018vertical phase\u2019 of the bull market to start Jan\/Feb.\u201d<\/div>\n
 <\/div>\n
A further tweet ahead of the weekly close reinforced this idea. This time, the focus was Bitcoin\u2019s relative strength index (RSI).<\/div>\n
 <\/div>\n
\u201cIf you were not here during 2013 or 2017 bull markets: current #bitcoin price rise is just a small taste of what’s next (weekly RSI in 70-90 range),\u201d PlanB forecast.<\/div>\n
 <\/div>\n
\u201cWe haven’t even started!\u201d<\/div>\n
 <\/div>\n
WE MAKE DECISIONS \u2013 YOU RECEIVE PROFIT!<\/strong><\/div>\n
\"\"<\/a><\/div>\n<\/div>\n<\/blockquote>\n

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HightWolf (reviewed here) once again informs visitors and participants about some important news from the world of cryptocurrencies. I truly believe that most of the HYIP investors belong to the camp of people who know … News Commentary #1,204 – HightWolf | Bitcoin 6th Best Weekly Close?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[4619,4622,4623,4625,4624,4627,4620,4681,4626,4621,4618],"class_list":["post-12903","post","type-post","status-publish","format-standard","hentry","category-information","tag-hightwolf-hyip","tag-hightwolf-hyip-details","tag-hightwolf-hyip-news","tag-hightwolf-hyip-on-en","tag-hightwolf-hyip-program","tag-hightwolf-hyip-review","tag-hightwolf-hyip-status","tag-hightwolf-news-hyip","tag-hightwolf-review","tag-hightwolf-scam-or-paying","tag-https-hightwolf-com-refemilynews","exalt-entry"],"yoast_head":"\nNews Commentary #1,204 - HightWolf | Bitcoin 6th Best Weekly Close? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=12903\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News Commentary #1,204 - HightWolf | Bitcoin 6th Best Weekly Close? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"HightWolf (reviewed here) once again informs visitors and participants about some important news from the world of cryptocurrencies. 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