Bitcoin returns to $44,000 but March's 'massive variables' mean anything could happen next.
Looking ahead to the month of March, popular trader and analyst Pentoshi noted that even more triggers were about to be added to the macro mix."So I think day to day approach is best. There is a lot going on in the world right now. It's anyones guess. I'm leaning towards yearly open still, but after that it's wait and see."that he"did not see coming" the extent of Bitcoin's rapid gains, despite adopting a more bullish posture in February.
Aside from the ongoing Russia-Ukraine war, the U.S. Federal Reserve is due to make a decision on key interest rate hikes this month. U.S. consumer price index data is due March 10. Bears meanwhile took a hit from the latest events, with cross-crypto liquidations totalling $305 million in 24 hours, data from monitoring resource
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