Bitcoin prints classic 'Bart' pattern as BTC price dives back below $40K

“Fried bulls this morning,” popular trader Crypto Ed, who had called the end of the upside at Wednesday’s highs,“This is not PA but PP Ping Pong And yes, Asians always been good in Ping Pong,” he added, referring to both the up and down slopes of the “Bart” occurring during Asian market hours.

Thursday meanwhile would see the release of U.S. consumer price index data for February, this tipped to show inflation still running hot at an estimated 7.9% year-on-year. “CPI number comes out tomorrow & the FOMC meeting is in less than a week ,” trader and analyst Matthew Hyland forecast in part of aAn accompanying chart underlined key resistance levels for BTC/USD to overcome, along with support at $36,300 and $33,000.

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Just more time to buy cheap Bitcoin on Bitfinex for me. I can't be mad about it.

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