BTC price caps $4K weekly gains: 5 things to watch in Bitcoin this week

Cointelegraph

Published Aug 09, 2021 04:37AM ET

Updated Aug 09, 2021 06:20AM ET

Bitcoin (BTC) is delighting bulls as it heads into a new week after closing a weekly candle in which it gained another $4,000 — can it hold?

After spending much of the previous seven days hitting but then descending from local highs, sentiment was mixed going into the weekend.

XAU/USD 1-day candle chart. Source: TradingView
BTC/USD 1-week candle chart (Bitstamp). Source: TradingView
Bitcoin difficulty chart. Source: Blockchain.com
Crypto Fear & Greed Index as of Aug. 9. Source: Alternative.me

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