Bitcoin: initiative on the side of the “bears”

Last week, buyers attempted to change the balance of power in the crypto market, but they failed to carry out a full-fledged attack and BTC quotes stalled near the level of $ 39 thousand. There are still no reasons for growth. Cryptocurrency is a highly risky asset, and not at all a digital analogue of gold, as a result of which it is clearly not worth counting on any tangible growth against the background of current geopolitical tensions.

As part of the current correction against the main downward trend, the value of BTC may reach up to $ 47 thousand, but further upward movement looks extremely unlikely. Drastic changes will require the appearance of a significant positive, as well as the fulfillment of the goals at the bottom – $ 20 thousand. Only after that, you can count on a reversal of quotes and a full-fledged downward movement.

There is a lull in the information field on cryptocurrency topics

No wonder – everyone is following the events around Ukraine. The situation is unlikely to change significantly until the degree of tension decreases. It is clear that the market continues to live its life: ventures invest in projects, there are some protocol updates, but it is simply impossible to find enough positive in all this for growth

Last week, buyers attempted to change the balance of power in the crypto market, but they failed to carry out a full-fledged attack and BTC quotes stalled near the level of $ 39 thousand. There are still no reasons for growth. Cryptocurrency is a highly risky asset, and not at all a digital analogue of…

Last week, buyers attempted to change the balance of power in the crypto market, but they failed to carry out a full-fledged attack and BTC quotes stalled near the level of $ 39 thousand. There are still no reasons for growth. Cryptocurrency is a highly risky asset, and not at all a digital analogue of…