Bitcoin Price Could Go “Down” on Falling Volumes and Looming Macro Troubles By Cointelegraph

©Reuters. The price of bitcoin could “go down” due to the fall in volumes and the macroeconomic problems that lie ahead

The sale of appears to be taking a pause despite the United States launching new sanctions against Russia on February 22.

Data from Cointelegraph Markets Pro and TradingView shows that bitcoin (BTC) is still hovering slightly below $38,000, which some analysts have identified as a major support and resistance zone.

  • The recent correlation between the US dollar index and bitcoin

BTC/USDT 1-day chart. Source: TradingView Below, we show what analysts are saying about the price of bitcoin and the levels to watch in the short term.

Read the full article on Cointelegraph

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