Bitcoin price closed the week at $3,650 (+6.9%) after finding support at the 50 week moving average, which propped the price up above $3,300. The candle formation on the close was bullish engulfing and a tweezer bottom, which demonstrates a strong rejection by the bulls after the bulls found support late on Friday. Despite the strength in the move blasting through the $3,550 resistance, Bitcoin price was unable to press on towards the ultimate target to make a higher high above $4,000. The bulls will be looking to find their legs on any retracement following the inevitable profit taking after an 11% move on Friday. ... (full story)