Bitcoin Chart Shows Back to Back Weekly Hammer Candles, Seen Only a Handful Of Times in BTC History A hammer candle is where the lower or upper wick is 90% of the total range. 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.

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