Here are some (admittedly grim) Bitcoin price levels to watch this week.
) may yet reenter the $20,000 zone, but the coming weeks could provide a solid buying opportunity, a new report forecasts.on Feb. 24, trading platform Decentrader laid out the final areas of support between the current Bitcoin spot price and $20,000.has markets in a spin
Bitcoin has already lost 12% in under 24 hours, and expectations are that the worst is not yet over —reactions to the Russian offensive continue to flow in, along with potential financial sanctions.“During times of uncertainty such as this, it pays to be very clear on your strategy. For traders, having clear invalidation levels and strong risk management will allow you to survive,” analyst Philip Swift summarized.
While never being threatened in previous bear markets, an absolute line in the sand for bulls comes in the form of Bitcoin’s 200-week moving average , currently sitting at $20,000 and still rising.
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