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.
Seemingly it is mate, look at the market chart now as Bitcoin is making its way up following with altcoins
https://coinmarketcap.com/currencies/bitcoin/ if the increase will continue till tomorrow then we may expect the best result any time in march as we are entering the last month of the first quarter.
and mostly there is a changes after 1st quarter and the 3rd and then the 4th .
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.
just after 10 hours from dumping , Bitcoin and the whole market recovers and now we are seeing the best increase or the fastest since the beginning of 2022.