Cryptos: Bitcoin trades higher, eyes 4-week win streak

Bitcoin prices moved higher midday Friday, putting a fourth consecutive winning week in sight.

In early trade on Friday, one bitcoin BTCUSD, +1.24% fetched $3,898.60, up 1.2% since Thursday’s level at 5 p.m. Eastern time on the Kraken exchange. The cryptocurrency needs to close out the week above $3,930 to book its fourth-successive winning week, which would be the first such streak in almost a year.

Read:Cboe pulls the plug on bitcoin futures trading — for now

What are analysts saying

“Bitcoin remains rather flat, still trying to break through the interim resistance at $4,000,” wrote Mati Greenspan, senior market analyst at eToro.

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