Topic: Bitcoin price support above 30000? (Read 422 times)

Many made the sane decision and sold their coins but it's understandable. However, we have to bear in mind how unpredictable and risky these times are and how much any type of crysis can influence the Bitcoin price in both ways. Therefore we need to be prepared on every scenario but without haste decisions.
I'm not so sure that Bitcoin might cross $50 k so soon, maybe in the second part of the year.

I just noticed this especially recently but on weekly bars going back about 10 months the lows do reflect a rising trend.    I have to respect that potential underlying as perhaps bullish action that can occur.   First I would like price action to beat and stay above the 50 day average and so on but if this kind of event can occur and we close in that upper pricing every weekly close of the bar on the graph then I would take it as genuine.  Its not exactly 30k as OP asked, but we have been rising in the lows get a pencil and ruler out and you will see what I mean.
   Low prices are far more genuine and solid to be relied on for estimation then the highest prices which are froth and hype most often.

I guess there is no wrong when the price keeps on fluctuating between $39k-$40k. As I believed that we are in a bear market, this price range  is still good to make some money, like if the price goes down to $45k, so obviously, you have to wait till it has a good bounce to $40k before selling. I'm not into binary options but if you think you can make money out of it then you should go.

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 .
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.

The goal is 30k before leg up, but I think it will be very soon. This is something I keep asking myself every day. Consequently, I believe that it will stay between 34-40k. It does not seem possible for it to rise three candles outside. Surviving only within this space. Binary options are tempting all the way to the mark, a brilliant way to make sweet gains. No matter what happens, I won't care. I'll still make money, no matter what the market does.

Right now the price is around $38800. The market is supposed to get support and if this doesn't happen without breaking the 50MA the market seems to drop down to 35k. If that happens once again $30k will serve as the major resistance. Looking upon the way the market drop has taken place, there is more room for crash than bullish move. The trade on bitcoin to ruble is on the peak as people consider bitcoin as the safe haven for all that earned throughout their lives.

Definitely you have not been posting on this thread since it started, also probably you have not been checking the market like day traders can check it, that is why you do not know much about the price. Let me repeat myself again, when Putin declared Russia soldiers to invade Ukraine, immediately the price of bitcoin including other cryptocurrencies falled which was said to be because some traders and holders panicked, but the price started to increase back like 13 hours after the invasion.

bots1 is also right, what he is talking about is what is happening recently, there is 50% sell off Russian crypto assets on exchanges, this was said could have been the reason the market has been falling, like bitcoin which increased to $45000 is now $41900 presently.

the trend seemingly dropping mate and yes you looks like correct in your prediction here , because this is what i Observe overnight as the price of Bitcoin fell again by 3k in 24 hrs

https://coinmarketcap.com/currencies/bitcoin/

But if the chance of falling down to 38k may happen in sooner time then this will trigger me to Buy more as i have funds standby for buying the dip.

there are many speculations that says half of the year 2022 will be a drop si if  this happens then we will be having the 2nd quarter more dumps .

38k area is likely pivotal for a number of reasons.  I dont know we have to pull back that far but the fact we lost 40k makes a greater challenge more likely to occur as traders naturally take both sides in search of profits.

My target downside is about 40 to 41k.  Trading there and resolving upwards would be the bullish scenario despite the pullback apparent at that moment it helps to confirm all prices and resolve positively.

Usually these kind of threads been created on the times where market is declining and on a period of time on where people do make out some late replies then they would look after on the current price on where they are writing and this is why we do really end up on having  this kind of question which is really that very common.If we do sit on 36k price point then we would really be having that question in mind too if we would able to
reach up that 30k support and might go even more below but we've seen the market had made out some significant recovery which is really great to look at and now we are that sustaining.

Price decline? Have you checked the markets, it has gone up 23%+ in the last week alone. How is that a a price decline? We are talking about a huge increase in the past week alone. People should realize that anything bad in the world equals to fiat being devalued and when fiat is devalued then crypto is valued even more. People do not see this as an option and they need to start seeing it that way.

I personally feel more comfortable about bitcoin during this war, I was lucky enough to get it "cheap" compared to what it is right now and the war was imminent so I saw the potential of a war and said the war would result with higher crypto prices and I was right, it was so obvious.

Indeed, the increasingly heated Russian invasion of Ukraine has triggered a massive sell-off that has resulted in the price of bitcoin experiencing a very deep price decline. Therefore, I think the current price decline may continue. However, the Bitcoin price took months to recover until it scored a new ATH again.

Bitcoin have shown a great resistance level at $40,000 and at the moment bitcoin have started this week with a 43k+ price after touching 44k in the late ours of Monday before correcting back to.43k at the moment am thinking Bitcoin is riding on the same pattern it did last year and before the month of April, Bitcoin may touch the 50k+ price.

Unfortunately the decentralization of crypto has been gone for a long time. Bitcoin itself could be decentralized and that is great, but all the places that we are using our bitcoin became a lot more centralized. Just recently I believe opensea decided to hold every single NFT of Russians and sell that to give it to Ukraine, it may not be opeansea, but it was an NFT marketplace.

Can you imagine how centralized that is? What did NFT investors from Russia ever do to the world? It was Putin and his officials that started this war, and for some reason Russian NFT investors got the bad end of the stick out of nowhere. That's why it is such a horrible situation to be in and crypto is no longer decentralized.

The price is above $40000 and this is showing support at this level, I would have changed the title but the Russia and Ukraine war is linked to it which drove the price below $35000. You can open another discussion thread if you think $40000 will be a strong support.

Bitcoin ATH was $69000 which was last year. What I am thinking is that bitcoin price may increase but may not reach ATH until next halving when people will FOMO and buy.

I agree, that usually news about anything involving a big country like Russia will certainly affect the movement of bitcoin. not even from investors who feel panicked and afraid of a decline so that they release their bitcoins so that the market responds negatively.
but it looks like the russia and ukraine news is not too long ago and now the bitcoin price has started to improve and hope there will be more good news so that it can continue to move up, although it may be difficult, but still optimistic.

the nature of bitcoin is decentralized, there is no institution or anything that can regulate it. but if there is bad news that simultaneously and simultaneously will trigger the movement of bitcoin because the market responds negatively, so the price can eventually make it corrected. but it seems that now it has started to improve although it is not certain that it will be able to move up quickly and will remain stable at the current price, which is a positive thing.

For now this is an unexpected support, because the world is under hard days. Same time this support level have helped with the massive adoption of bitcoin which further boosts the market. The price that fell on the starting day of war have increased drastically. This has once again proven that holding gives good return. March used to be big in every year, maybe the same is happening this time.

Not yet, I guess.
We do not even know if the support price can hold the price not to go down below $40k.
Maybe we need to wait a few days later to see if the price can increase to the next high price as this movement is good for the crypto market.
But it is, reaching $50k is not easy because before going that price, it will get more fluctuation and be like a roller coaster.
I just hope that $40k is really a support zone

This is now the psychological support for me, after breaching the $40,000. Look how $40,000 acted support now, Bitcoin reached $44,000 immediately. This is how I label supports and resistance since last year, by $10,000 after we broke $20,000 last year.
So for me now too, $40,000 supports, $50,000 resistance.

Can we change the title now to "Bitcoin Support Price above 40000"?  because now bitcoin once again prove that it is worth a Hold and buy in dip.

seeing that the value is at 43k now it is not long to see 50k and another hyping soon.

Long live to bitcoin holder as we are now getting our profit from trusting the coin.

Looking at the market in the beginning of March looks good now, there are 2 digits increase in the value of Bitcoin and followed by other legit currencies.

https://coinmarketcap.com/

Specially Bitcoin claiming back its  43k position and still climbing now.

https://coinmarketcap.com/currencies/bitcoin/


so for those who invested again mid of February then you are at least in 20-25% profit now because the price drops down to 33k that time.

It seems like we won't go further for the support these days since Bitcoin just pushed $43k and soon it might reach $50k and so on. But the last support I've seen was $37k and I think that's enough for some investors starting to buy the dip that's why it makes a difference today. I just thought it wouldn't budge any further because it seems like it's almost going to $30k but surprisingly it just broke past $42k.

I think it will break $50k next week and I hope I am right if this war topic is creating a FOMO.

yup it is the support as we already see it there,now once again standing to 40k level as the war continues to spread .
wondering what would ne the effect in the following weeks , but im happy with what is bitcoin doing now.

When the price of bitcoin reduced below the value of 30k dollars,kindly make some big bucket for it.Because as we know,the price of bitcoin will reach the 50k in a few months.So don't forget to buy a huge amount of the bitcoin at the dump.The people who buying the huge amount of bitcoin at dump and sell at the pump was the most profit earning person as compared to any other people.

You can't expect all people to hold and not panic if they are holding their assets to possibly sell at profit and use it for their immediate needs. Not many people can hold long-term without needing their cash. Because only people who can hold long-term are those who are financially stable at least. And their crypto is just an extra asset to them. So the up and down movement for them is not a problem. Because if you are here for long-term, you are already expecting this up and down trend but in the end you are aiming to win because you are holding a rock solid coin.

The panic sellers are reacting way too quickly, that is the main problem. I mean they are in panic mode so I understand why they are acting so quickly, but do we really never see bitcoin price drop before? Bitcoin stands the hardships of time and always comes out on top, we have seen this a million times before, why try to change that today? We should be a lot more at ease whenever the price drops, we should be doing a lot better.

I get that it is not easy for everyone involved in the world, but at least it shouldn't be this big. It wasn't really that much of a big deal if you ask me, I have been doing fine for a long time without a need to sell, or get panic, or fear the price, just hold it and you will profit and simple as that.

Even the panic sellers didn't expect that the price will recover quickly and this leads for them to go back and join again the roller coaster ride and because of them, the existing crypto users have already gained something and there are now ready to sell it any time of the day or maybe they are only waiting for a good signal i.e if when there's another issue reported in the news. They need to act quickly tho before the panic sellers realize this.

Russia on the other hand looks going to fight till the end and there are no signs of them retreating too early.  The price is already above 30k, it was at 38k in fact at this moment of writing but I don't think it can cross 40k anytime soon till the war ends.

We may find the answer in the next 2-3 years or after the next halving occurs. Bitcoins usually hit ATH after the halving but this is not "just a habit". If that scenario is true then the price of bitcoin this year or in the next 2 years may experience a dump and $20K will not be a strong support to hold it.

Despite all that, the increase in adoption so far will probably change the history or habits of how bitcoin is traded. There is always a possibility that the next ATH could be reached and it might also drop lower than $20K. We really don't know for sure about that.

Yes, I have said so in other threads. I would think if we went below $20K it would set off a selling panic. You can never know for sure because some people say that if it goes down to those levels, the weaker players would have already sold and only the strong holders would be left, but within these speculative speculations and how irrational the markets tend to be, I bet on the first option.

Although I think it is quite unlikely that we will go below $20.

Yeah, if we are going to loo k at what is going around in the environment, (covid, war, etc, that really impacted the price, we can't say for certain what is the support price).

Long term though, it might be $20k to be the last support level, if this is broken, then obviously it will be a free fall. But for now, price seems to be fluctuating a lot and hopefully we won't have that scenario of $20k being tested.

I don't think we can seriously talk about supports this year, given the way the price has been behaving lately, in addition to the political situation. For me the only strong support would be $20K because so far in Bitcoin in one cycle it has not gone below the ATH of the previous cycle. But we can't be sure of anything, neither how much it will go down nor if we will surpass $70K this cycle.

Difficult to bitcoin price  prediction this year.Look at bitcoin price chart, bitcoin price was previous week above $39k+ but this under $38k. Bitcoin is long time survive coin and it already touched $65k+ in 2021. So hopping bitcoin price will hit $50k+ back again and i think it will possible to happen.

what is this? sorry but it looks like you are the only one who understand this? 2-3 days little?

 

always moving Up and Down is that what you mean?
Completely Wrong because the correction had happened many months ago and we are now facing the true movement of market.

Above 50k this year? bitcoin had already reached 45k again this month so that would be 5k more?

of course that is completely possible .

Bitcoin price little drop last 2-3 days. I believe bitcoin price still movement  correction. This year although same time bitcoin price was under $30k but it touched $65k+ in 2021. So i hope This year bitcoin more increase than previous year. I hope bitcoin will grow up in This year and bitcoin price will avobe $50k+ this year.

You are writing BS.
All the financial markets reacted to the Russian invasion in Ukraine,the Bitcoin market is no exception.
The markets are dominated by people,not robots and the people are emotional creatures.They get emotionally unstable sometimes.They can be manipulated by lies and propaganda.Sometimes they just panic.
I'm not expecting a fast BTC price recovery anytime soon.The market will remain turbulent.I actually expect another price drop and more panic selling,if more bad news keep coming from Ukraine.
Let's pray for the people in Ukraine and for the near ending of this ridiculous conflict.

Hopefully, it will recover slowly and back to $40k. But if the price needs longer to recover, we can only stay calm and not panic but use that moment to buy more bitcoin. But bitcoin will still recover from a hard situation, although it is not easy to lift the price. The war itself can continue, especially if there is no agreement from both sides but it will not be good for their people who still suffer.

According to what I see, the impact of the Russian war on Ukraine began to recede and Bitcoin recovered a little and returned to the 39K$ point, with the continuation of the war, everything is possible because all possibilities are open. No one knows what are the upcoming developments in the war as well as what are the economic consequences of this war, especially if Was it long-term or extended to other areas, everything is possible so we have to prepare for all scenarios and we could see bitcoin under 30k$ for example, no one knows, although I am optimistic that bitcoin will continue its rise.

Hope what we're seeing by now isn't just a dead cat bounce because if it indeed the case then I'd say we have a chance to see a potential touch at the 20k+ levels in the coming days. Can't say for sure what resistance it should break but I think it's the 45k-46k area that we've seen in the past days it rebounded from 32k. I think it's the area we have to break to say we're strong in the short term scene.

 I %100 honestly believe that this latest drop was manipulation for sure. I mean imagine for a second that a war would cause the price to go down, how? I mean you think russians or ukrainians believed their currency would gain value and that is why they cashed it out? Why would anyone think their currency would gain value? It dropped and I have to say it was expected as well. Crypto is by far the best choice and everyone knows this, a war should increase the price and not decrease it. Same happened with corona, the price went down a lot on march 2020, we all know what happened after that. If this war goes any longer, we are going to end up seeing the price of crypto skyrocket again.

 However, I hope it doesn't. I hope that the war ends now, I am more than happy to see bitcoin at 1k then see people die in a war, f--k money, its human life that matters the most.

You mean there is a manipulation from behind and possible that this is a bear trap? Yeah, thinking the same as well, so as investors we really need to be very careful. The tension from Russia and Ukraine are still there, we've seen the price going downhill but a huge increase of about 10% in a day. So clearly someone is playing us again. It's about the end of the month anyways, so hopefully our hunch is wrong and we can see the price hitting the $40,000 mark.

There's somehow a boost in the market but it didn't break $40k. There's still something that stops bitcoin reaching that price. It's all about the market anymore and these conflicting news are always there and what stops bitcoin reaching that level is we don't know.
As always about buying, everyone is good to buy at these levels if they haven't bought yet because it surely is going to be a good time to buy whenever price is lower.

$39k area is likely to be the break for the next resistance at $45k. The price today appreciated with high volatility from yesterday's drop below $35k. Hopefully as the day progress and the fears in  Ukraine and Russia goes away with time the price can stable up again.


Today showed a positive move in price. I think like I said we may be going up to $45k resistant area. The move to $33k and below was not looking visible this weekend and we may see more volatility with the new week taking us up to $45k.

Indeed, the price of bitcoin corrected very deeply after the news about Russia invading Ukraine where the price of bitcoin fell in the $34K area. But now there is a slight price increase where the price has returned to the $39k area. But I think even though there is an increase at the moment, I indicate that bitcoin will correct back to the $36K support area.

This day seems the bitcoin price is not up or down too much in the market. The price of $38k is still there and hopefully, this weekend will not go down too deep so it will be good to increase more in the next week. If you still hold your bitcoin from the dips yesterday or already bought bitcoin at the dip, you can feel good as you can sell your bitcoin now and make a profit. Otherwise, you can still hold your bitcoin for the next rising of the price.

it is already shown now that Yes the strong hold is 30k , actually it is 33k to be specific  that is what Bitcoin is all bringing us the thrill and the excitement .

some of us already panicked yesterday , but look at the market today? is this the reason to panic?

Either in Russia there is no that flowing , but the idea that these 2 countries are trying to adopt bitcoin? and the chance of bringing World war III? that is what others considering now.

Because that one is easily to be seen and one of the major basis of others to look at that's why we are experiencing this huge dip. The war of Ukraine and Russia has a big effect on global market and I believe we can see more worse once the war will explode more towards their target countries also if there are other 1st world country will join the war to stop Russia on its currently doing.

Can't we find other events that will lead to the dip of Bitcoin. Why is it always what is on top of the news being the culprit of it? Is there really a high number of Bitcoin flowing in Ukraine to make that happen?
I don't agree with that point of view. There are other reasons behind all this dump market and perhaps they are doing it now so that the like of us will use only the geopolitics happening in Russia and Ukraine while they are hidden in the shadows. Who knows, it could be whale dumping it or just a normal correction.

Agree on this, The panic seller buy back again after the price become stable but still the current price is a do or die for Bitcoin since that wick on chart only means that some traders already have a quick profit and ready to take profit once there's another batch of bad news occur especially the long awaited move of US against the Russia invasion. Ukraine president is urging there allies that watching them suffer, I'm really doubtful if Russia will retreat considering there effort to demilitarized Ukraine.

Well, hours just after Putin declared war on Ukraine everything dropped including the crypto market and it went down as low as $35,000.
It went below that price but went back above it a few hours after and now recovered from the price where it was before the announcement has said.

With what happened, I'm not expecting Bitcoin to go $30,000 at least in the short term unless this Russia-Ukraine war will stay for a longer period of time. This war might cause a domino effect negatively. Other countries will respond to what is happening and it might affect the prices of different markets including crypto.

Do you think bitcoin can yet reduce to $25000? I too believe that bitcoin can get below $30000, but I am thinking it may not happen more than once or twice before the next bull run. Even if it gets to that level, it may not be long at all before it will bounce back above $30000.

That is true, it happened in stock and crypto market, but crude oil price increases. Later, cryptocurrencies price increases, from below $35000 I posted before to over $40000, bitcoin is around $38700 recently.

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.

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).

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.

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.

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.

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.


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.

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

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.

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.

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.

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 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.

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.

 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.

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

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).

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.
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.

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.

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.

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.
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.

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.