empty
06.03.2022 05:29 AM
Bitcoin is falling again and geopolitics does not save.

This image is no longer relevant

The bitcoin cryptocurrency surprised a lot in the period from February 24 to March 2. It was surprised by the fact that during the sharp aggravation of the geopolitical situation in the world, it showed impressive growth. Recall that before the start of the Ukrainian-Russian conflict, we repeatedly said that the fundamental background of 2022 will not contribute to the growth of bitcoin and you can forget about updating its value for a couple of years. When the "geopolitical chaos" in Eastern Europe began, the chances of bitcoin's growth fell even more, since bitcoin is the most risky asset of all currently known to mankind. It should have started the fall in the first place. However, as it often happens, it turned out exactly the opposite. Bitcoin has grown by $ 10,000. What was it?

From our point of view, something happened that no one could have predicted. Unprecedented sanctions were imposed against the Russian Federation, many banks were blocked from accessing SWIFT, the central bank's gold and foreign exchange reserves were blocked, the Russian ruble flew into the sky, and the stock market simply collapsed. Naturally, in such a situation, ordinary (and not only) Russians rushed to save their rapidly declining assets. This also applies to shares of Russian companies and cash, which began to depreciate at an alarming rate. And since the US dollar is already quite difficult to find in the Russian Federation, the eyes fell on the most popular cryptocurrency - bitcoin.

Ukraine also added "oil to the fire". Exactly for the same reasons. There is a full-scale war going on in the country, respectively, investors are fleeing the economy. They also often run through cryptocurrencies. That is why we observed the growth of the "bitcoin" at a time when it should have been falling at the speed of the Russian ruble. However, the situation is changing now. Cryptocurrency exchanges are beginning to restrict Russians' access to cryptocurrencies. The first shock has already passed and those who had real capital and real opportunities to convert them into cryptocurrency have already done so. And now bitcoin can show the movement that was supposed to happen. That is, the fall. Earlier, we have repeatedly said that we expect a fall to the level of $ 31,100, where the future fate will be decided. This level is the minimum of last year, which was reached last summer. Presumably, mass purchase orders are located at this level, and investors consider it as a very good price for purchases. Therefore, if the bulls manage to keep the price above this level, then bitcoin will be saved. If not, the fall will continue with renewed vigor. So far, bitcoin has dropped only to the level of $ 39,000, which in the current circumstances can be considered just an achievement. However, there is another important factor. The price failed three times to overcome the level of $ 45,408 and the nearby Fibonacci level of 61.8%. That is, at least two strong sales signals were received. In addition, bitcoin failed to update its previous local maximum, which was reached on February 10.

This image is no longer relevant

The trend on the 4-hour timeframe has changed to a downward one. The price dropped below the trend line, below the Ichimoku cloud, and the $ 40,746 level. Thus, now the way is open for her to the level of $ 31,100, and we recommend selling cryptocurrency at this time. So far, there is no reason to expect a recovery of the "bullish" trend. Absolutely all factors, technical, fundamental, geopolitical, speak in favor of the fact that the fall will continue.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Recomendaciones para operar con el Bitcoin (BTC) el 12 de mayo según el sistema ICT

El Bitcoin continúa con un crecimiento muy fuerte y ni siquiera intenta corregirse. En el último mes, la primera criptomoneda ha subido $30 000, neutralizando completamente la caída provocada

Paolo Greco 09:05 2025-05-12 UTC+2

El Bitcoin no se detiene: de $96 600 a $104 500 en un solo día

El Bitcoin actualizó el nivel de $104 500, aunque ayer por la mañana se negociaba a $96 600. La consolidación por encima de los $100 000 indica claramente el retorno

Jakub Novak 10:30 2025-05-09 UTC+2

Análisis del par BTC/USD. El 9 de mayo. El Bitcoin sigue batiendo récords

El conteo de ondas en el gráfico de 4 horas del instrumento BTC/USD se ha vuelto más complejo en los últimos meses. Observamos una estructura correctiva descendente que finalizó

Chin Zhao 07:45 2025-05-09 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 8 de mayo

El Bitcoin se detuvo a un paso de los $100 000, y el Ether logró alcanzar la marca de $1900. Este fuerte crecimiento del mercado de criptomonedas confirma

Miroslaw Bawulski 11:15 2025-05-08 UTC+2

El Bitcoin a un paso de los $100 000

El Bitcoin actualizó el nivel de $99 400, quedándose a un paso de la marca de $100 000, lo que indica sus serias perspectivas alcistas en el corto plazo

Jakub Novak 11:15 2025-05-08 UTC+2

Recomendaciones para operar con el Bitcoin el 8 de mayo según el sistema ICT

El Bitcoin lo ignora todo. Ayer por la noche se supo que la Fed no bajará la tasa clave en un futuro próximo. Jerome Powell declaró

Paolo Greco 07:40 2025-05-08 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 7 de mayo

El Bitcoin y el Ether lograron demostrar un nuevo crecimiento en medio de buenas noticias relacionadas con la legislación sobre criptomonedas. El Bitcoin se negocia actualmente a $96 700, rebotando

Miroslaw Bawulski 10:39 2025-05-07 UTC+2

Recomendaciones para operar en el Bitcoin el 7 de mayo según el sistema ICT

El Bitcoin ha comenzado a caer, pero de momento esta caída es demasiado débil. A pesar de la ruptura de la estructura bajista, esperamos una caída de la primera criptomoneda

Paolo Greco 07:26 2025-05-07 UTC+2

Recomendaciones para operar en el mercado de criptomonedas el 6 de mayo

El Bitcoin y el ether pasaron el día dentro de un canal lateral, aunque los signos observados de ventas activas durante la sesión americana de ayer generan ciertas dudas sobre

Miroslaw Bawulski 12:08 2025-05-06 UTC+2

Análisis del par BTC/USD. 6 de mayo. El Bitcoin se prepara para una caída

La estructura de ondas en el gráfico de 4 horas del instrumento BTC/USD se ha vuelto más compleja en los últimos meses. Hemos visto una estructura correctiva descendente que finalizó

Chin Zhao 08:04 2025-05-06 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.