Undoubtedly, it is one of the most important news on the world agenda at the moment. Ukraine with Russia tension between Especially NATOThis situation alarmed the USA, Germany and France.
While holding various meetings between the allied countries USA President Joe Biden made an open threat to Russia, emphasizing that the entire NATO is ready to take action if Russia invades Ukraine.
On the other hand, Russia stated that NATO has taken a close stance to Ukraine, but Russia is seen as an enemy in the action plan.
While all this tension continues, analysts evaluating the economic dimension of the business are discussing how a possible Ukraine-Russia war will affect the crypto market. Many argue that such a situation will not have a direct impact on the crypto market.
InTheMoneyStocks chief market strategist Gareth Soloway with Kitco News host David Lin bitcoinDiscussed near-term targets for gold and stocks. Soloway,
Right now I don’t see the $100,000 Bitcoin price by the end of the year as a possibility, I really don’t. I wish it had. I just know that there are a lot of people who hold BTC in their wallets, and unfortunately a lot of people entered the market in the $60,000 range.
said.
Soloway stated that he still maintains the medium-term Bitcoin price target of $ 20,000, while the long-term bullish expectation continues.
Discussing tensions in Eastern Europe, Soloway said that Russia’s invasion of Ukraine could actually provide tailwinds for Bitcoin. In other words, Soloway, like many other analysts, believes that this effect will be limited and indirect.
On the other hand, saying that the first support level for BTC is $ 41,850, Soloway stated that this will be the first big test to see if Bitcoin can make another rise or return to the 30 thousand range.
Stating that the increasing tension in Eastern Europe may even be beneficial for Bitcoin, Soloway ended his statement in this way.