Cryptocurrency markets Things are actually a little better for the company and seem to be improving day by day. Although the prices are corrected from time to time, it turns green again after a short while and the price rises.
Bitcoin (BTC) Technical Analysis
Firstly Bitcoin (BTC) Analyst Conor Kenny, who took a look at his chart. BTC is trading at $44,063 at press time. The $40,000 to $41,000 mark is a strong resistance and support level. This level has acted as support and resistance many times over the past year.
We interacted with this line, so it’s a very strong line. The next important levels are between $45,000 and $46,000.
There are of course many other indicators you can use. But hopefully we will try and test this level again and maybe we can pass this time and maybe move higher until we mark $50,000 or $55,000.
Russia-Ukraine Tension
The first major catalyst to watch out for is the tension between Russia and Ukraine. This could be very important for the cryptocurrency market. In the event of a possible invasion, the market will be dominated by fear, which could very quickly worsen things for crypto. If that happens, it will push it down and push people more and more into fear, uncertainty and doubt.
Flow of Money to Cryptocurrencies
The second possible catalyst is that a lot of speculative capital from stocks to bonds rotation will eventually flow into crypto. This means that money flows into the entire cryptocurrency space.
All other advertised platforms have millions of people signing up for Coinbase, FTX and they are just waiting for a day like today to learn and start investing because most new people in this space can start investing with enthusiasm. That’s when it would be right to jump on the crypto train with an enthusiasm to come.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.