Russia Fears Can Create Buying Opportunity

12 lut 2022

I would say the double top at 45k is extremely bearish. BTC will attempt to make a higher low around the 42k "Bart" pattern but I think it will tank right through due to some geopolitical fear. All markets are impacted by the threat of war but that's just it: a threat. The threat will continue to drive prices down until the 30-35k floor is once again tested. BTC holds this level? Super bullish. BTC breaks this level? Retest of 19k range is the next major support.