$BTC bulls battle for momentum below $39,000 as the wider market trades flat ahead of a possible interest rate hike by the Federal Reserve on March 16.
BTC/USDT one-day chart. Source: TradingView
the following chart, noting that there is “a squeeze forming on the daily chart.” He further explained:BTC/USD one-day chart. Source: TwitterLaw Decoded: Joe Biden’s executive order is finally upon us, and it doesn’t look too dreadful, March 7–14.Analysis from a higher timeframe perspective was offered by crypto analyst and pseudonymous Twitter user Rekt Capital, whoBTC/USD 1-week chart.
A final bit of reassurance for Bitcoin bulls was noted by analyst and pseudonymous Twitter user TAnalyst, whoBTC/USD 1-month chart. Source: Twitter“BTC — The 9-year support, never broken. No need to talk. [The] chart is self-explanatory."
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