Bitcoin price eyes $24K retest as US dollar dives into monthly close
A strong BTC price weekly close becomes an attack on resistance levels lost the week prior as DXY headwinds lessen. Bitcoin (BTC) headed toward $24,000 at the Feb. 27 Wall Street open as a strong weekly close translated into further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin gains $1,000 versus weekend lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rebounding in line with United States equities futures. The pair had seen lows of $22,770 on Bitstamp over the weekend, these nonetheless proving short lived as the weekly candle closed above $23,500. With stocks rebuilding strength into the new week, hopes were high that Bitcoin could continue its upward trajectory to finish February on a high. “Rejecting at crucial $23.8K level would indicate that we´ll be having another test of the support,” Cointelegraph contributor Michaël van de Poppe, founder and CEO of trading firm Eight, wrote in part of a Twitter update on the day. “If that...