* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Bitcoin spikes to $41.7K highs as Ethereum nears $3K reclaim

Date:

Share post:

Bitcoin (BTC) saw brisk upwards action during the Wall Street trading session on March 18, conforming to predictions that higher levels would see a retest.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Bets placed on $46,000

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it advanced $1,650 from daily lows to nearly matching the $41,700 high from March 16.

The move buoyed traders, who began to reinforce their short-term view of levels near the top of Bitcoin’s 2022 trading range being challenged.

For popular trader Pentoshi, however, such a result would not mean that BTC/USD had broken its downtrend definitively.

“Macro headwinds still too strong but midterm, I think we rally bc seller exhaustion before any shot at new lows or prev lows. So lean towards up then down imo late Q2,” he told Twitter followers on the day.

Cold feet over macro conditions, as Cointelegraph reported, became a major issue this week, with multiple predictions of a major drawdown across major assets including BTC coming this year.

Analyst Matthew Hyland meanwhile noted that in…

Read more…

Related articles

Bluefin Secures Agreement with Everi to Bring Added Cash Access Security to Casino Gaming Floor – FinTech Futures

Everi is the first gaming provider to integrate to Bluefin’s patented P2PE as-a-service technology ATLANTA–(BUSINESS WIRE)–Bluefin, the recognized...

Blur tops critical metrics in race to ace NFT marketplace, but…

Blur has dominated trading volume throughout February 2023. It has, however, lagged in the number of transactions. Blur has come...

Dormant Satoshi-Era Wallet Moves $9.6M Bitcoin After 11 Years

A Bitcoin BTC/USD address that had been dormant for more than a decade suddenly sprung back to life...

Blockchain is on RBI’s priority list as innovative technologies, says MoS Finance – The Financial Express

Blockchain is on RBI’s priority list as innovative technologies, says MoS Finance  The Financial Express Read more...