Bitcoin Fresh Impulse Sent Prices to $43,000 with the price-performance giving hopes of a bullish continuation in the new week so let’s read more about it in today’s latest Bitcoin news.
The Bitcoin fresh impulse move overnight led the bulls to reclaim $43,000 with RSI hinting at underlying strength. The data from Tradingview showed BTC/USD reaching ,337 on Bitstamp with the pair’s highest one being on March 3.
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The action contrasted with the lack of volatility fitted with the more bullish predictions around the near-term trajectory. For trader Crypto Ed, the $43,000 was a low-timeframe target and all is going to plan.
#BTC
Been showing red box at $43k for a couple of days now….Imagine not watching my YT videos…..
No need at all to listen to dudes, who like to hear talking themselves for >20mins.
All you need to know in 3 minutes! https://t.co/nsWHyUMaYI pic.twitter.com/sj94yjuzhd— Ed_NL (@Crypto_Ed_NL) March 22, 2022
Fellow analyst Matthew Hyland eyed a potential breakout scenario for Bitcoin’s relative strength index on the charts which is a phenomenon that often preceded price strength with the analyst Kevin Svenson adding:
“BTC is a few hundred bucks away from the first higher high we’ve seen in a long time. Will it happen?”
Bitcoin had sealed an impressive weekly close on Sunday which is the highest since early February and now the macro elements are adding to the positive momentum once again. Trading was quite brisk for the Asian markets on the day as the Hong Kong Hang Seng Index was up 3.15% at the time of writing. In Europe, there was little sign of a knock-on impact while the US futures were likewise trending down before the Wall Street Open. The push higher did manage to squeeze out short positions across crypto as can be seen from the charts of Coinglass. The total 24-hour liquidations stood at $168 million and the altcoins are showing rosier overnight.
Asia unironically max bidding$BTC
— Zhu Su 🔺🌕 (@zhusu) March 22, 2022
The top ten cryptocurrencies by market cap were led by Cardano was up by 5.8% up in the past day to cap weekly gains at about 20%. other major tokens fared just as good as XRP and DOT. Ether which is the largest altcoin tapped $3000 In step with the BTC rally before consolidating under the psychological level.
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