Bitcoin has now reached a very important and strong support area . It has been pumped up several times at this point. The $ 40 ,900 to $ 41,700 price range is powerful support, so re-pumping it is not unexpected, but the situation is not good right now.
As you know, the market is currently strongly influenced by the differences between Russia and Ukraine. If bad things happen between the two countries, it will definitely cause a market shock and bad changes.
If this support breaks and the price goes below $ 39,500, Bitcoin will fall.
If you are not a professional trader, do not take any risks.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.