Bitcoin Volatile as Investors Digest Russia

25 Şub 2022

Bitcoin tested lows as the market panic sold with the Russia/Ukraine conflict. But things leveled out quickly, and it subsequently recovered all of its losses. We are currently safely back to the 38K's, hovering just above support at 38.2K. The Kovach OBV has picked up notably, but not enough to give us confidence in any real bull momentum. The value area between 38K and 40K seems reasonable for BTC for now, but if we are able to break 40K, then we should face resistance from two levels in the 41K's. If we retrace further, then we should have support from lows at 34.9K.