Bitcoin price is ‘likely starting the next push up’ if K holds as support

Bitcoin price is ‘likely starting the next push up’ if $42K holds as support

The cryptocurrency market remains in a state of flux as investors are once again focused on what steps the U.S. Federal Reserve might take to combat rising inflation and markets wobble as the situation in Ukraine remains tense.

Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) has hovered around the $44,000 support level and traders are hopeful that an inverse head and shoulders chart pattern will lead to a sustained bullish breakout.

BTC/USDT 1-day…

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