Bitcoin price crawls 2.5% off lows as weekly chart risks 'bearish engulfing'

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Bitcoin price crawls 2.5% off lows as weekly chart risks 'bearish engulfing'
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Can BTC price end the week without a 'horrendous' bearish retracement?

Up around 2.5% from the lows set the day prior, the pair remained on traders’ radar as a potential short opportunity into the weekly close.

“$26,600 is my target in my short position right now, and being the weekend it may take a bit longer to get there,” Crypto Tony“It is the most logical target and we also have bids popped up down there too now, so i am expecting a reaction once tested.”That target would mark a new bottom for Bitcoin, whichAnalyst Mark Cullen eyed the potential for BTC/USD to approach the April 21 CME futures closing price of $27,310 before the weekly close.

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