Russia and Ukraine The war between Russia and Russia officially came to life and Russian soldiers entered Ukraine. This caused the leading cryptocurrency Bitcoin to fall hard at first, and BTC is currently $35,000 struggling to stay on top of it. to 10% BTC, which is in a close decline, famous analyst Peter BrandtAccording to , it is in an interesting position.
Brandt Commented: Where Is BTC Heading?
Brandt, one of the most famous analysts in the world and who knows all three parabolic rises, commented on the war. The analyst first tweeted in suspense.
Brandt said he wondered if this battle would be a classic “buy the rumor, sell the news” event. This expression actually means that the price rises with the expectation of a news in the crypto money industry, and the realization of the news means that there is a sale and the price decreases. Brandt questioned whether this would happen for valuable commodities, stocks and similar assets, and here he gave a clue.
Brandt, in the following statement, said that how the market responds to a news flow is very important. If the market does not react well to good news, the situation can be quite bad for that market.
Brandt shared a chart in the continuation of this and emphasized that he actually expected more declines for BTC. The support point drawn by the analyst $28,805 going up and the situation is pretty scary.
Here is a good example of the same pic.twitter.com/sq3ILxjKu7
— Peter Brandt (@PeterLBrandt) February 24, 2022
Russian soldiers #Ukraineafter entering #Bitcoin for $34322, #Ethereum It went down to $2300.
US futures are down 2%. #BIST It is trading down 6%.#Dollar It exceeded 14 TL. Instant 14.20#Gold It rose to 1943$.#Oil It rose to $100.
— Bitcoin System (@bitcoinsystem) February 24, 2022