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Bitcoin Chart Shows Back to Back Weekly Hammer Candles, Seen Only a Handful Of Times in BTC

06/03/2025

in BTCUSD

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Weekly hammer candles are defined as the lower or upper wick making up 90% of the total price range.
In the past two weeks, bitcoin has swung by 23% and 16% on an open-high, lower-close candlestick pattern.

Source: https://www.coindesk.com/markets/2025/03/06/bitcoin-chart-shows-back-to-back-weekly-hammer-candles-seen-only-a-handful-of-times-in-btc

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