BTC.USDT
If you look closely at the chart, the price has entered a correction phase for a period of three to four months after each bullish spike.
News such as rising interest rates and the start of the Russian-Ukrainian war have caused a great deal of fear to enter the market, which is why we have seen large capital outflows from risky assets into safe-haven assets such as gold and the Japanese yen.
Today's price was returned for a while after testing our high demand area in the range of 34,000
But the fear of the market may push the price into the trading range for a few months. I do not think the price will stabilize below 30,000 under any circumstances.
Please do not forget to like and comment, thanks
News such as rising interest rates and the start of the Russian-Ukrainian war have caused a great deal of fear to enter the market, which is why we have seen large capital outflows from risky assets into safe-haven assets such as gold and the Japanese yen.
Today's price was returned for a while after testing our high demand area in the range of 34,000
But the fear of the market may push the price into the trading range for a few months. I do not think the price will stabilize below 30,000 under any circumstances.
Please do not forget to like and comment, thanks
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Disclaimer
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.