Bitcoin heads for $42K support as stocks pullback nudges BTC price lower

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Bitcoin sets its lows for March with a trip towards $42,000 on the Wall Street open.

"Remember a longer base typically leads to a stronger impulse. Pullbacks on $BTC to 38-42k are healthy."At the time of writing, BTC/USD was at around $42,500, marking a low point for March.

Stocks were on edge on the day, with the S&P 500 down 0.7% a day after the clearest signals on a possible key rate hike yet from the United States Federal Reserve.Geopolitical turmoil focused on Europe likewise remained the decisive macro force in play, as Russia and Ukraine met to begin further negotiations.

 

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