BTCUSD SIGNAL 21-03-22 : Bitcoin spikes to $41.7K highs as Ethereum nears $3K reclaim.

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BTCUSD SIGNAL

BTCUSD SIGNAL 21-03-22 : Bitcoin spikes to $41.7K highs as Ethereum nears $3K reclaim.

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

BTCUSD SIGNAL : 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.

BTCUSD SIGNAL : 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.

Earlier, Crypto Ed had delivered a near-term forecast of $43,000 for BTC/USD before a potential fresh consolidation period, only then followed by an exit up or down.

In a subsequent update, he showed the pair breaking out of a bull flag formation in place over recent days.

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