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Bitcoin holds $40K as on-balance volume hints at multi-month BTC price breakout

It could soon be time to call an end to the trading range in which Bitcoin has languished throughout 2022.
Bitcoin (BTC) narrowed its consolidation range on March 18 as the TradFi trading week looked set to end with $40,000 still in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders patiently await paradigm shiftData from Cointelegraph Markets Pro and TradingView showed BTC/USD preserving $40,000 support overnight, and with it the area highlighted as “crucial” by analysis Thursday.Macro cues had lessened following the United States Federal Reserve rate hike confirmation, with a lack of new triggers from Europe steadying markets overall.For popular trader Crypto Ed, the next few days should see either a continuation to a target zone of $43,000 or a breakdown of the current trend.Analyzing his Elliot Wave setup for the 4-hour BTC/USD chart, however, he noted that the cycle was “still bearish” prior to a

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We współpracy z: https://cointelegraph.com/news/bitcoin-holds-40k-as-on-balance-volume-hints-at-multi-month-btc-price-breakout

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