Bitcoin on track to see its highest weekly close of 2022

Seven-day gains nearing 9% have put BTC price action firmly ahead of every other week so far this year.

Bitcoin on track to see its highest weekly close of 2022MARKET UPDATE

Bitcoin (BTC) saw a fresh spike to near $45,000 overnight into March 27 as the weekend looked set to deliver a decisively bullish close.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD grinding back to higher levels seen days previously after a rejection at just above the $45,000 mark.

While still within its extended trading range with $46,000 as its ceiling, the pair was still firmly on the radar of long-term traders as the weekly close drew near, this being apt to be Bitcoin's highest of the year so far.