Slowly, then suddenly — Bitcoin snaps out of sideways action to challenge weekly highs.
followed BTC/USD as it advanced $1,650 from daily lows to nearly matching the $41,700 high from March 16.
The move buoyed traders, who began to reinforce their short-term view of levels near the top of Bitcoin's 2022 trading range being challenged. For popular trader Pentoshi, however, such a result would not mean that BTC/USD had broken its downtrend definitively. "Macro headwinds still too strong but midterm, I think we rally bc seller exhaustion before any shot at new lows or prev lows. So lean towards up then down imo late Q2," he
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