Bitcoin (BTC) increased considerably during the week of Sept 27 – Oct 3, going from a low of $40,753 to a high of $49,228.
It’s currently in the process of reclaiming the $47,850 area. If successful, it could likely lead to a sustained upward move.
Weekly BTC movement
The weekly chart shows that BTC increased considerably during the week of Sept 27-Oct 3, creating a bullish engulfing candlestick in the process.