Source: Coinomedia
Original Title: Bitcoin Weekly High Pattern Is Shifting
Original Link:
Bitcoin’s price behavior is showing signs of a shift. For weeks after the October 10th crash, Bitcoin (BTC) followed a consistent pattern—making its weekly high on Monday or Tuesday. But over the last two weeks, that trend has changed noticeably.
Last week, the weekly high was observed on Thursday. This week, Bitcoin peaked on Wednesday. The consistent early-week strength seems to be fading, suggesting that new forces may be at play in the market.
What’s Causing the Change in Timing?
This change in structure may not be random. One possible explanation is the absence of forced sellers in the market. Earlier, Bitcoin may have faced selling pressure from distressed holders or institutions, forcing liquidation early in the week. These sell-offs would often drag prices down after an early peak.
Now, with forced selling likely reduced or even gone, Bitcoin has room to build up momentum throughout the week. This allows bulls to push the price higher midweek instead of seeing early surges followed by quick declines.
What This Means for Traders and Investors
Understanding the timing of Bitcoin’s weekly highs can provide traders with a useful edge. If this midweek trend continues, short-term traders might adjust their strategies to capture momentum later in the week. For long-term investors, it could signal a healthier market structure, free from heavy liquidation pressure that used to cap early-week gains.
As always, market patterns can change, but shifts like these often point to deeper structural developments in crypto markets. Watching how Bitcoin behaves in the coming weeks will be key to confirming whether this is just a blip or the start of a new trading rhythm.
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Bitcoin Weekly High Pattern Is Shifting
Source: Coinomedia Original Title: Bitcoin Weekly High Pattern Is Shifting Original Link: Bitcoin’s price behavior is showing signs of a shift. For weeks after the October 10th crash, Bitcoin (BTC) followed a consistent pattern—making its weekly high on Monday or Tuesday. But over the last two weeks, that trend has changed noticeably.
Last week, the weekly high was observed on Thursday. This week, Bitcoin peaked on Wednesday. The consistent early-week strength seems to be fading, suggesting that new forces may be at play in the market.
What’s Causing the Change in Timing?
This change in structure may not be random. One possible explanation is the absence of forced sellers in the market. Earlier, Bitcoin may have faced selling pressure from distressed holders or institutions, forcing liquidation early in the week. These sell-offs would often drag prices down after an early peak.
Now, with forced selling likely reduced or even gone, Bitcoin has room to build up momentum throughout the week. This allows bulls to push the price higher midweek instead of seeing early surges followed by quick declines.
What This Means for Traders and Investors
Understanding the timing of Bitcoin’s weekly highs can provide traders with a useful edge. If this midweek trend continues, short-term traders might adjust their strategies to capture momentum later in the week. For long-term investors, it could signal a healthier market structure, free from heavy liquidation pressure that used to cap early-week gains.
As always, market patterns can change, but shifts like these often point to deeper structural developments in crypto markets. Watching how Bitcoin behaves in the coming weeks will be key to confirming whether this is just a blip or the start of a new trading rhythm.