The range trend in these areas will continue, and I expect to return to around $ 42,200.
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Hello to all dear friends. As I predicted in the previous analysis, the price of bitcoin is falling.
The situation of bitcoin is very sensitive now. Let's take a look at it.
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.
I'm watching it and will share more updates.