Bitcoin rally stalls at $39,200, but BTC price metrics suggest local floor could be here By Cointelegraph

©Reuters. Bitcoin rally stalls at $39,200, but BTC price metrics suggest local floor could be here

(BTC) checked its latest advance at the open on Wall Street on Wednesday, while the repercussions in Russia continued.

1-hour candlestick chart of the pair (Bitstamp). Source: TradingViewStocks Sour Crypto Recovery Data from Cointelegraph Markets Pro and TradingView showed that the BTC/USD pair pulled back towards the $38,000 mark on Feb. 23, having previously hit highs of $39,200.

  • Bitcoin Traders Mark Levels to Watch as Cryptocurrency Price Bounces to $39,000

Pressure from the conflict between Russia and Ukraine remained an ever-present threat to stocks, with which both Bitcoin and altcoins are closely related.

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