Record BTC weekly close, Ethereum all-time high: 5 things to watch in Bitcoin this week

(BTC) is back with a vengeance this week as a new day’s trading gets underway with a fresh attack on $60,000.

After a weekend in which the largest cryptocurrency avoided a correction, Monday is looking bullish — but what could shape price action in the short term?

1-week candle chart (Bitstamp). Source: Tradingview
BTC/USD performance compared to previous cycles. Source: Ecoinometrics/ Twitter
1-day candle chart (Bitstamp). Source: Tradingview
Coinbase outflows chart. Source: Glassnode