Over a month later, it's still interesting to watch how the previous range point of control functions as support. This has now turned into resistance as the price has dropped below $43094.
Further down, support is found around $41k, a crucial level to hold if price is to avoid a quick drop to $39K.
We have a few elements coming up in the next several weeks that may have an impact on price.
Today is the Superbowl, and many crypto companies have spent a lot of money advertising and promoting their products.
This may be a situation where you buy the rumor and sell the news.
Furthermore, there are tensions between Russia and Ukraine, which are causing a lot of concern in all markets, including Crypto. This is where risk management and decision-making come into play.
<———————————————>
☑ Follow, Comment & Like
☑ Create a civil and healty discuss in the comments and share with me your toughts
Thanks and Happy Trading!
Further down, support is found around $41k, a crucial level to hold if price is to avoid a quick drop to $39K.
We have a few elements coming up in the next several weeks that may have an impact on price.
Today is the Superbowl, and many crypto companies have spent a lot of money advertising and promoting their products.
This may be a situation where you buy the rumor and sell the news.
Furthermore, there are tensions between Russia and Ukraine, which are causing a lot of concern in all markets, including Crypto. This is where risk management and decision-making come into play.
<———————————————>
☑ Follow, Comment & Like
☑ Create a civil and healty discuss in the comments and share with me your toughts
Thanks and Happy Trading!
