APR 01, 2022 • 12 Min Read
The crypto market has been showing signs of strength as we close the books on a volatile Q1. For context, BTC still remains within its $30K trading range, oscillating between $32K-$62K. As Q1 comes to a close, let’s revisit the weekly market structure for Bitcoin to see where we find ourselves.
BTC is ending the quarter in a much better place than where it started the month. Quarterly closes are important because they’re often scrutinized by many types of market participants. A strong monthly or quarterly close can inform a bullish bias for traders and investors with longer time horizons. Algorithmic traders can also use quarterly (or monthly or weekly) closes as triggers for certain trend or momentum-based strategies.
Despite the strong end to Q1, BTC’s pri
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