The war of Russia- Ukrain continues to be intensified for a month now.
This makes all the financial markets and the Crypto markets with ups and downs and continues to fuel the volatility which goes beyond the expectations!
Let’s see how Bitcoin movement registers and what should we take out from this.
Currently BTC trades in the range of 44000 USD.
The RSA of the bitcoin is nearly in the overbought region. The Stoch RSA is also in the deeply overbought region.
BTC faces the resistance of its 200 Moving Day Average.
If this would not cross the mark, there are chances that BTC would dump 35400 USD.
In the other side, if if crosses, BTC would expect to go 45000 USD – 47000 USD -50000 USD.
At this point in time, if you are staying in profits, please book some profits.
And always explore all the golden chances for investment spaces that the markets are going to give in these days!
See you again in another interesting article!
