Bitcoin Price Weekly Outlook

Well, that escalated quickly! The bitcoin price just melted all the way through the $70,000s and $60,000s last week, but finally found its footing at $60,000. The bulls battled back from down there to push the price back up to $71,700 before it moved back slightly to close the week out at $70,315. The bears covered a lot of ground to the downside last week, so the bulls will try to get back some ground this week. Expect $60,000 support to hold at least into this week.

Key Support and Resistance Levels Now

With such a big move down last Thursday, we will need to find new resistance levels to watch going forward. Over the short term, $71,800 is…

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