ukraine battlefield bear market

[sana54210]

I think the war between Russia and Ukraine did affect the rise and fall of bitcoin, because bitcoin is also related to large stocks in both countries and has to do with inflation and currencies. Besides that Russia and Ukraine are big countries that have influence with the world economy, it's all clearly related to the movement of bitcoin.

Ukraine itself is a energy and other stuff nation as well, I mean it is not just Russia. Why do you think we had that scare recently about the nuclear plant getting bombed, that nuclear plant doesn't just give energy to Ukraine, it helps many nations surrounding Ukraine as well. There are a ton of other stuff as well. Whereas Russia also have a lot of energy related power over the world too.

The rise in price for bitcoin was mainly due to sanctions to Russia and Russians all coming together the go around it, they did it all at once at the first days and that impacted the price a lot. They are still doing it, but not all at once and all together, they do it regularly and smaller. Which is why there was a big increase, and then resulted with a drop.

[Jating]

Bitcoin price is dependent of the combat zone circumstance. Since the conflict began the environment for the economy is horrible, and the net worth of market is sinking. Billions of stablecoins leaving the market, it's going on gold, oil and commodities. Additionally big money is purchasing now, after looking at account bigger than 100 BTC holders are increasing. It's institutional money leaving the market and less liquidity isn't great in any way. Truly negative for the world economy. In this way, Bitcoin also on short and mid term.

However, there are still many factors that will contribute to the price of bitcoin and not just it is dependent of the combat zone or war. And in the last 24 hours, we have seen the price breaking the $40k barrier and it seems to be going again and could hit $45k which is the next mental barrier.

Like the covid-19 pandemic, sure it hits everyone including crypto market but we slowly gain and even goes for a new all time high with the pandemic still around.

[Falconer]

However, there are still many factors that will contribute to the price of bitcoin and not just it is dependent of the combat zone or war. And in the last 24 hours, we have seen the price breaking the $40k barrier and it seems to be going again and could hit $45k which is the next mental barrier.

Like the covid-19 pandemic, sure it hits everyone including crypto market but we slowly gain and even goes for a new all time high with the pandemic still around.

There is always a cause and effect as to why bitcoin prices fluctuate and so far such swings can be considered normal as long as bitcoin doesn't dump its price more than 20% in a day. Market behavior is very sensitive to FUD or negative news during this time, people panic and really want to sell when FUD news spreads in various media and we can't blame it.

We should not always rely on the war between Russia and Ukraine to find out why this up and down movement is happening because there are more things or other factors that have to be rational reasons that can change the trend or market sentiment for better or for worse. So far bitcoin continues to strengthen, and we can expect $45K resistance to be broken.

[South Park]

Bitcoin price is dependent of the combat zone circumstance. Since the conflict began the environment for the economy is horrible, and the net worth of market is sinking. Billions of stablecoins leaving the market, it's going on gold, oil and commodities. Additionally big money is purchasing now, after looking at account bigger than 100 BTC holders are increasing. It's institutional money leaving the market and less liquidity isn't great in any way. Truly negative for the world economy. In this way, Bitcoin also on short and mid term.

However, there are still many factors that will contribute to the price of bitcoin and not just it is dependent of the combat zone or war. And in the last 24 hours, we have seen the price breaking the $40k barrier and it seems to be going again and could hit $45k which is the next mental barrier.

Like the covid-19 pandemic, sure it hits everyone including crypto market but we slowly gain and even goes for a new all time high with the pandemic still around.

This is why it is important to not only look at what the TA is indicating but also look at the fundamentals of a project to know whether it can recover quickly or not, after all when the war broke out everything with the exception of oil and a few other assets went down, and that included bitcoin, however since then the price has experiment a small recovery followed by small corrections as well, so given enough time bitcoin will recover, we just need to be patient and hold our coins until that day comes.