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<div class="text-justify">At the close of the weekend Bitcoin price action was positioned at a good level near $70,000, which left a sense of uncertainty as the price was expected to continue for longer in a sideways channel between $66,000 and $68,000 looking for liquidity oxygenating the next big move. </div>
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<div class="text-justify">In this sense we have had an atypical weekly close for Bitcoin as at the time of writing this post the price action was above $69,300, according to William Suberg "Bitcoin is well positioned for a strong weekly close, but not everyone trusts the traditionally unreliable BTC price action over the weekend."</div>
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<div class="text-justify">For Michaël van de Poppe, founder and CEO of trading firm MNTrading, the area immediately above USD 69,000, where the BTC/USD pair was acting at the time of writing, was "crucial." </div>
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<div class="text-justify">On the other hand, it was noted that "A spike in net flows among U.S. spot Bitcoin exchange-traded funds (ETFs) last week had set the tone, along with news that bankrupt crypto-lending firm Genesis had finished selling billions of dollars worth of shares in the Grayscale Bitcoin Trust (GBTC)." </div>
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<div class="text-justify">At the same time, the world's largest asset manager BlackRock, one of the ETF traders, revealed that it had added several big-name U.S. banks as "authorized participants." </div>
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<div class="text-justify"><h3>SOURCES CONSULTED</h3></div>
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<div class="text-justify"><strong> Cointelegraph. </strong> Bitcoin bulls nudge at $70K as BTC price sees 'not typical' weekend. <a href="https://cointelegraph.com/news/bitcoin-bulls-70k-btc-price-not-typical-weekend" rel="noopener" title="This link will take you away from steemit.com"> Link </a></div>
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<div class="text-justify"><h3>OBSERVATION:</h3></div>
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<div class="text-justify"> The cover image does not belong to the author: @lupafilotaxia, the image was taken from: <a href="https://cointelegraph.com/news/bitcoin-bulls-70k-btc-price-not-typical-weekend" rel="noopener" title="This link will take you away from steemit.com"> Cointelegraph </a></div>
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