The price of BTC fell back to $47,000 as the weekly closing price is closely related to the Bitcoin futures gap

Bitcoin (Bitcoin) The $47,000 was retested on September 19, as the weekly closing price seems to depend on the gap in CME futures.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Bitcoin is on the right track after erasing the proceeds

Data from Cointelegraph Markets Pro with Transaction view As the week comes to an end, BTC/USD shows mixed signals.

Saw one on saturday Stronger rebound From this pair, they then gave way to ranging behavior in the absence of a clear direction.

“It happens often in the market,” Cointelegraph writer Michaël van de Poppe explain.

“Bitcoin rose slightly on Saturday and fell back to the closing price of CME on Sunday. CME closed at $47,490 on Friday. It seems that we opened the market too late today.”

Therefore, the closing price of Bitcoin futures may end a week of cautious optimism for currency holders, with the closing price of last week approaching $46,000.

At the same time, looking at the buying and selling levels of the main exchange Binance showed a strong resistance at $49,000, which added to the authenticity over the weekend. In contrast, buying support remains at $44,000.

BTC/USD trading level (Binance) as of September 19th. Source: Material Indicators

The imitators of the altcoin stage enter the weekly closing

For altcoins, this was an equally lackluster day. The top ten cryptocurrencies replicated about 2.5% of Bitcoin’s daily losses.

related: The analyst predicts that the Bitcoin price trend in the fourth quarter will be “explosive”, and the next stop for Bitcoin is 85,000 US dollars

Ethereum Ethereum The decline was slightly more, reaching $3,350 at the time of writing-about 2% lower than at the same time a week ago.

ETH/USD 1-day candlestick chart (Bitstamp). Source: TradingView

However, as reported by Cointelegraph, multiple tokens have shown a bullish flag this week. These Include Solana (Sol).