Bitcoin Slips Back To 38k, Further Downside Incoming?

Bitcoin Slips Back To 38k, Further Downside Incoming?

Bitcoin slide to $37,000 on March 7 sparked some purchasing interest, resulting in a price bounce to $39,000 on March 8. Surprisingly, the upward sloping trendline that served as an accumulation zone for traders in 2022 was the origin of the upside retracement move. Price Fall Signals Retracement Bitcoin price established another lower high on the 4-hour chart, showing that bears are still in control and that more loss is likely. Today is set to provide a breath of relief and let some steam out of the pressure cooker that is Ukraine, with global markets still anxious and on edge. As this....


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