Bitcoin (BTC) hit $44,000 overnight on Mar. 1 as a rally that began Monday sparked unexpected results.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Traders warns of “massive variables” for BTC price Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $44,250 on Bitstamp before consolidating, still above $43,000 at the time of writing. The move had come in two main bursts, beginning just prior to the Wall Street open. Against a highly uncertain macro… Source link

The enhanced price fluctuations in the entire crypto market resulted in over $300 million worth of liquidations. Bitcoin’s 15% price surge, for one, became its largest one in over a year. The “special military operation” launched by Russian President Vladimir Putin against its western neighbor caused massive disruptions in financial markets last week. Bitcoin, being a highly volatile and free-market asset, dumped by about $5,000 in a day to a monthly low of just over… Source link

RSI, or relative strength index, readings hovered at the 71 level at the time of writing, suggesting further downside to the $86 level, where local support exists. RSI is a price-chart tool that calculates the magnitude of price changes. Readings above 70 show an asset is “overbought” and could see a correction, while under 30 suggest an asset is “oversold” and could see a price increase. Source link