5 things to watch in Bitcoin this week as greed and leverage get ‘flushed out’

Cointelegraph

Published Apr 26, 2021 05:04AM ET

Updated Apr 27, 2021 07:00AM ET

Bitcoin (BTC) is keeping bulls and bears guessing as it opens a new weekly candle in the green, heading away from $50,000.

After an uneventful but uninspiring weekend, BTC/USD has begun Monday by reclaiming $53,000 for the first time since Thursday. What could lie in store?

BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
7-day average Bitcoin hash rate. Source: Blockchain.com

Continue Reading on Coin Telegraph