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Bitcoin rebounds over $41K after painting a ‘bullish hammer’ — Can BTC hit $64K next? -Breaking

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(BTC) rallied above $41,000 on Feb. 28 in a new sign of buying sentiment returning after last week’s brutal selloff across the risk-on markets, including the S&P 500.

BTC prices The increase was more than 9%Partly, this was due to traders reacting to developments in Russia-Ukraine. This caused the U.S. stock markets indexes to briefly lose their correlation with cryptocurrency. Perform more as safe-haven, goldThe price of, which also rose in early trading on February 28th, was also higher

versus and S&P 500 daily price chart. TradingView
BTC/USD Daily Price Chart Source: Johal Miles, TradingView
BTC/USD Daily Price Chart with Wycoff Model TradingView
SPX daily chart with MACD indicator TradingView