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@ Layer3.news
2025-03-06 10:31:48
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BITCOIN CHART SHOWS BACK TO BACK WEEKLY HAMMER CANDLES, SEEN ONLY A HANDFUL OF TIMES IN BTC
https://cdn.sanity.io/images/s3y3vcno/production/bc07057f6217fe3c42cb66dfb586358bb2e2e2d4-1921x965.jpg?auto=format
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✍️ Bitcoin's price has been highly volatile over the past few weeks, with sharp swings in value.
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👉 Bitcoin's price has been highly volatile over the past few weeks
👉 The week beginning Feb. 24 saw a 23% swing in value
👉 The following week recorded a 16% swing in value
👉 Hammer candles are rare formations that occur when the lower or upper wick makes up 90% of the total price range
👉 Bitcoin has only formed a weekly hammer candle with a 90% lower wick five times in its history
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#Checkmate #technology
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