source avatarMercek

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Bitcoin has had a habit lately of looking strong over the weekend and giving it all back by Friday. Over the last five weeks, it closed four weekends in the green. Every one of them was followed by a red Monday to Friday. The weekday stretch actually ended lower in all five weeks, including the one that started with a red weekend. It isn't just a recent streak either. Look back six months, or a full year, and most green weekends were still followed by a red week. Over the past year, weekends finished roughly flat overall, while almost the entire drop came between Monday and Friday. If this weekend closes green too, I'd wait to see how that move is treated once US markets open on Monday before building any scenario around it.

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