Analyst: Friday the 13th Daily Close Could Set Future Bitcoin Price Trend
Each and every daily close on charts is important, as the price level where the candle closes and even the shape of the candle can help crypto analysts predict future movements and trend changes.
Today’s daily close one crypto analyst says is exceptionally important, and will likely choose the trend direction in the short term for Bitcoin price.
Bitcoin Price: Friday the 13th Daily Close Especially Significant
Technical analysts inside and out of the crypto market not only use indicators and review chart patterns, but they also look at individual candles themselves. Depending on their open, close, and the action that takes place within the candle can help analysts make sense of what’s to come, and predict potential trend changes taking place before they actually occur.
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Candle closes on higher timeframes, such as the monthly, weekly, 3-day, and daily are often used to determine greater periods of price action. Therefore, crypto analysts pay even closer attention to candles closing on these highest timeframes.