Bitcoin (BTC) It hasn’t been able to stand firm since the last 2 weeks and it is between 37,000 dollars and 40,000 dollars. However Bitcoin (BTC) Although it has lost 8% in the last 7 days, closing above $ 38,000 at the weekly close keeps hopes fresh.
So what should BTC and altcoin investors pay attention to this week?
Bitcoin Investors Will Follow 4 Events This Week
Good morning, “above-market” term/week for cryptos: 1-Biden is expected to issue khk: https://t.co/4O63hNwnac 2- FBI has established a new department for virtual assets: https://t.co/ DCt36Ss9p9 3- Russia tension affects crypto from 4 points +
— Shant Manukyan (@SantManukyan) February 21, 2022
In his post published today, Shant Manukyan opened parenthesis to the developments to be noted this week in the crypto money industry. According to Manukyan, the first and most important item is Joe Biden‘s issue of a new decree for the crypto money industry. Biden’s doing so, combined with the FBI’s cryptocurrency-based crime-fighting unit, which has recently come to the fore, could pose a serious threat to the industry.
As the second item, Manukyan discussed the tensions between Russia and Ukraine. famous economist Alex KrugerAs noted by , the outbreak of war means a sharp fall for BTC in the short term. It will be positive for BTC if the war is replaced by peace.
The third point is the data from the USA. The higher-than-expected US unemployment and job application data is an important long-term signal for the US and global economy. In particular, the rate hike expected next month is directly related to unemployment data.
The last factor is Bitcoin technical view and indicators. Although the extreme fear still continues, it is seen that the bottom point is now above the bottom point compared to 1 week and it has not gone down yet. Besides, the MACD and RSI are now moving towards the bullish zone. All this may mean a bottom for BTC and a subsequent rise.