Bitcoin price support above 30000?

[Oshosondy]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

[Wiwo]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price

I don't agree with this very part of the statement, as the sharp drop in Bitcoin price is not as a result of Russian Ukraine unrest, Bitcoin market have shown a lot of possibility of downtrend market since the beginning of February 2022 as the pattern in the market drop have been on a drastic levels always melting down almost $2k to 3k drop within a short period this can be refer to say as crash in price Bitcoin is a highly volatile commodity and it price a hardly affected by a section of events that doesn't have direct implication on it services.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panithe c and there can be a want section. What I am that is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

This is the part that got my interest, Bitcoin as a decentralized asset on the global stock market is not controlled by any outside power so the price of Bitcoin can move in any direction and at any time, if you follow the global stock market today a lot of commodities price are on a downtrend and even the Russian stock is going down likewise other stocks so the general stock market is on a blood bath mood not only Bitcoin, I am very sure Bitcoin will not fall below $30,000 before it will recover back to 40,000 or even above,
The global stock market as a financial chain that incorporates a lot of other components that are performing at a different level and Bitcoin as a decentralized asset within the many other is suffering from the same faith as others who are experiencing a bad trading day except for crude oil who's the price in on it highest price of $100/per barrel the highest.

[Ararbermas]

I don't agree with this very part of the statement, as the sharp drop in Bitcoin price is not as a result of Russian Ukraine unrest, Bitcoin market have shown a lot of possibility of downtrend market since the beginning of February 2022 as the pattern in the market drop have been on a drastic levels always melting down almost $2k to 3k drop within a short period this can be refer to say as crash in price Bitcoin is a highly volatile commodity and it price a hardly affected by a section of events that doesn't have direct implication on it services.

for your information mate i've been learning the graph of bitcoin since the downtrend. And before month of January ends bitcoin is gradually recovering because it's already respecting some key levels which is the demand zone, and all things is a positive sign because of the structure of the candles and etc..

But suddenly when that news from Russia and Ukraine emerged bitcoin suddenly changed direction this month of February wherein the price show a declined and tends to restest on the demand zone.

So it's impossible that they are not the one who can influence bitcoin right now, because to be honest panic selling and decline happens only when there's a negative news..so in my personal opinion i don't think that there's another reason for this situation.

[Findingnemo]

I wouldn't be surprised if it reaches 25K because that can be the lowest low if this is actually the bearish trend and we are not actually far away from this happening because lot of things aren't good now the war mode between countries almost crashed every investments sectors.

[Wiwo]

I wouldn't be surprised if it reaches 25K because that can be the lowest low if this is actually the bearish trend and we are not actually far away from this happening because lot of things aren't good now the war mode between countries almost crashed every investments sector.

Exactly the point lots of commodities in the global stock market are on downtrend movement only crude oil is having a green chart at this moment and that increase in the price of crude may have also been triggered by low supply due to the crisis rocking Russian and Ukraine.

for your information mate i've been learning the graph of bitcoin since the downtrend. And before month of January ends bitcoin is gradually recovering because it's already respecting some key levels which is the demand zone, and all things is a positive sign because of the structure of the candles and etc..

But suddenly when that news from Russia and Ukraine emerged bitcoin suddenly changed direction this month of February wherein the price show a declined and tends to restest on the demand zone.

So it's impossible that they are not the one who can influence bitcoin right now, because to be honest panic selling and decline happens only when there's a negative news..so in my personal opinion i don't Ihink that there's another reason for this situation.

We are on the same page on this a lot of bad news have been responsible for the sudden crash of the Bitcoin market and the point I was trying to make is that today's invasion of Ukraine by Russia is just a part of the many bad news but not entirely responsible, we have seen a similar crash in bitcoin price in the past such as in 2018 when China declared cryptocurrency ban and some other bad direct attacks news on Bitcoin that are responsible for such crashed in Bitcoin price. We may see Bitcoin recovery in price even if the Russian 🇷🇺  vs Ukraine 🇺🇦  attacks continues in the coming weeks bitcoin does not rely on a single trend to maintain and determine its market value.

[jackg]

Yeah if everything crashes, it's probably positive bitcoin goes with it rather than against it (otherwise we'd be due a bigger drop later on).

Every market was panicked since Ukraine's president declared they were being invaded.

Btcusd has had its daily % loss sandwiched between the uk100 and German30 too (just two semi random tickers I was using to compare stock strength).

[dimonstration]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price

I don't agree with this very part of the statement, as the sharp drop in Bitcoin price is not as a result of Russian Ukraine unrest, Bitcoin market have shown a lot of possibility of downtrend market since the beginning of February 2022 as the pattern in the market drop have been on a drastic levels always melting down almost $2k to 3k drop within a short period this can be refer to say as crash in price Bitcoin is a highly volatile commodity and it price a hardly affected by a section of events that doesn't have direct implication on it services.

There is a correction in market at the start of the year that makes the price decline, but now the news of war , threatens more the market to decline as the continuous need of some users or investors to use cash while the war is still happening. The economic as well the prices in living now requires bigger allocation due to war like how gasoline skyrocket their price due to demand, the needs of investors to safen their investment is their priority like switching in the meantime in usdt while the market is still affected by the war and we’re not sure whether it will break the support price

[Captain Corporate]

 I am not so sure if the market should crash during a war. I feel like crypto would be a lot better for people who are in a war zone. What are you going to do with fiat? You are literally using something that could be worthless in a second. The best way would be to put all of your money into crypto. Look at Russians, they are "winning" the war and yet we are seeing Russians becoming poorer and poorer because of it. I do not know if that is winning or not, Putin might be happy about it but the reality is that russians are definitely getting unhappy about it for sure or at least poorer. If they kept their money in crypto then they would have been richer right now.

[hugeblack]

Bitcoin is now undervalued, but the world is facing a lot of health, political and economic strikes that make investing in stocks, assets and other high-risk investments less attractive and therefore there will not be much liquidity for these currencies.
If there is a rise, it will be a lot and it will break the 65 thousand barrier easily, but we have strong resistance points at 42 thousand, 46 thousand and 48 thousand, which are not easy to break, if it is broken, all points around 50 thousand seem easy.

[ajochems]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

It happened in the stock market and in the cryptocurrency.We should use the time and current scenerio for the process of getting profit.The war on UKraine was maybe initiated by the U.S against the Ukraine .But the innocent Ukraine start to war against Russia and they are not worth enough to fight against Russia.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Bitcoin was known by the decentralized concept.It may be used by the people for get a profit for the short period.After the panic,all the people started to sell all their bitcoin and the price dropped automatically.

[Johnyz]

Looking at its price now, its around $38k as of posting, looks like the panic is done already and its time now to realize that owning Bitcoin can be a more effective way to protect your assets.

There’s still a lot of uncertainty here, anytime from now the real war might happen and the price is still vulnerable from that. If the situation got worsen, expect for cryptomarket to react on that negatively.

[kentrolla]

Sometimes we are too quick to assume the market situation and act on the situation, same thing happened once Russia invaded Ukraine, there was a shock wave sent across not only crypto but also the stock exchanges and nifty, but now bitcoin has already crossed yesterday's ATH and trending around $38520 as we discuss here but Thai doesn't guarantee it will remain on top as this war will affect crypto market as well and yesterday's drop doesn't come as a surprise since bitcoin has been fluctuating from past week.

There are possibilities Russian invasion might be one of the reason for this dump but it might be market trend as well which we have witnessed earlier.

[Scripture]

Bitcoin is decentralized but people are not, its normal to see the whole world panicking and the price resulted to negative for Bitcoin. Let’s hope for a strong $30k support level so we wont see a more cheaper price but of course it can still go down deeper which is more possible to happen if many countries get involve on war. The price will only become stable once they stabilize the situation in Ukraine and make a peaceful resolution with Russia.

[tabas]

I am thinking the price just falled because of panic and there can be correction.

That's what exactly what has happened. The price has shoot so quick to $38000.

What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Likely much.
Even if there's no war, there has been an expected sudden dump in the market because we are just coming from the bull run. Usually, that's how the market for bitcoin goes.
If we've been from the bull run, the next is there's a dump that awaits no matter what's the situation of the world because it's a cycle.

[Baofeng]

Bitcoin resistance recently since few hours ago has been $35000, the recent price downturn has been because of Vladimir Putin declaration of Ukraine invasion. Some bitcoiners panicked and sold their coins leading to the sharp price downturn. Normally also that this time does not favor bitcoin price to increase. Since yesterday, the price of bitcoin falled from above $39000 to below $34000 today and it is around $35000 now.

Yeah, after the Putin attack, the price of bitcoin feel to lows of $35k. But check the price right now, it's back to $38k, truly amazing run in the last 34 hours. When we thought that bitcoin will have a massive drop, comes a big bounce and now we are back to the resistance of $38k.

Bitcoin is not controlled by any country but remain decentralized, I am thinking the price just falled because of panic and there can be correction. What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

That's how it is, it react to news whether positive or negative and then obviously, traders sold. But after a few days it will settle down again and recovered.

[TimeTeller]

I am thinking the price just falled because of panic and there can be correction.

That's what exactly what has happened. The price has shoot so quick to $38000.

What I am thinking is that even if there is no war, bitcoin price just want to fall. Taking look from the history, bitcoin price is more likely to fall this time.

Likely much.
Even if there's no war, there has been an expected sudden dump in the market because we are just coming from the bull run. Usually, that's how the market for bitcoin goes.
If we've been from the bull run, the next is there's a dump that awaits no matter what's the situation of the world because it's a cycle.

With the tension between Russia and Ukraine, I believe, this scenario will further boost the btc market.
Because people are looking for alternative ways on how to secure their assets or how to send safely their money outside.
And that bitcoin is a very good candidate in this situation. Surpassing the 40k mark would be easy in the next few days.
In my opinion, this is a good opportunity to invest while bitcoin is still in this position.
But don't forget about possible consequences, it may be worst for all we know. So invest what you can afford to lose.

[Fundamentals Of]

The price of Bitcoin has already fallen even before this war has started. To note, though, this is actually not a war. Ukraine is just massacred by Russia here with fierce yet insignificant resistance as far as the Russian force is concerned.

But seeing the price today, it seems we are on to conquering $39,000 hours or even minutes from now. If there will be no correction after $39,000 is achieved, $40,000 will be the next target. This is going to be the harder target though.

[TravelMug]

I wouldn't be surprised if it reaches 25K because that can be the lowest low if this is actually the bearish trend and we are not actually far away from this happening because lot of things aren't good now the war mode between countries almost crashed every investments sectors.

Nah, that's too low in my opinion. On the contrary, we are already on $38k-$39k range so that's lowest low you projected are not going to be hit.

So the war news seems to bring positive light to the market isn't it? I know its scary to hear the conflict has began and maybe there are some individuals from both sides who chooses to hedge their wealth on bitcoin to push it to where we are right now.

[Wexnident]

There has been a general downtrend so far tbh. The price only recovered after the initial downtrend a few weeks ago, but it wasn't exactly impossible for it to go down once again, so that might be the actual cause, but hey who knows, the current situation might have influenced it as well, but a downtrend wasn't exactly impossible, with or without the Russia Ukraine issue. If a real war to happen though, then maybe we'd see some short panic crashes but as we've seen in the past, Bitcoin recovers from it quite well (Covid situation).

[adaseb]

If $30K gets touched again I don’t see it holding again. Most likely last night was the low. Even right now there is fighting going On and the markets are still going up. Seems this war is not affecting the markets anymore.

I wonder how many people sold at a loss yesterday when there was massive panic. And later on in a few hours everything completely reversed. Basically markets don’t make sense anymore.