Data from Cointelegraph Markets Pro and TradingView showed BTC/USD cooling at higher levels after cracking the $49,000 mark late Friday.
The end of the working week had seen a positive reaction to comments from Fed Chair Jerome Powell on tapering of asset purchases, as well as remarks on inflation.
As Cointelegraph reported, stocks surged to all-time highs, while the U.S. dollar weakened — Bitcoin made use of the opportunity and added $1,500 in under an hour.
With talk of a new “bullish impulse” move afoot on crypto markets, the mood into the weekend was thus far from bearish.
“If BTC is able to stay above the ~$49000 level for the rest of the week... It would set itself up for a phenomenal Weekly Close,” trader and analyst Rekt Capital summarized.
That weekly close had a solid chance of beating the last at the time of writing, with $49,300 the level to clinch for a multi-month high.
That would also place Bitcoin back in the tiny two-month window in which it closed above $49,000 on the weekly chart earlier this year.
