Bitcoin In The Face Of The Economic Crisis
As we have seen during the last two weeks all the market has been in alert because
of the actual panic situation caused by the war between Russia and Ukraine.
The sanctions taken from other countries against Russia are also adding some pressure
on all the financial instruments.
Oil prices reached 127 we saw a reversal today on the growing hopes of a deal that
can be reached today.
Gold reached all-time highs.
On the other hand the other financial instruments are traded as secondhand instruments.
Many of them with low volatility .
During this period of time BITCOIN is blocked within 37K and 42K.
It looks like the market doesn’t see any positive sign to move it higher again.
The possible support area can be seen within 37K to 39K .
From here we can see some price reaction again.
Targets as in the chart 42.3K and 44.5K
Thank you and Good Luck!

