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Bitcoin Rangebound; Initial Support at $40K, Resistance at $46K

Bitcoin Rangebound; Initial Support at $40K, Resistance at $46K

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bitcoin (BTC) was trading in a tight range between $43,000 and $44,000 over the past 24 hours. Support is nearby, which could limit pullbacks over the short term, CoinDesk’s Markets Analyst Damanick Dantes explains. He adds that traders are looking forward to March’s pending rate hikes by the Federal Reserve. Plus, Dantes breaks down charts surrounding bitcoin‘s dominance and the fear and greed index.

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