The expert predicted the further movement of bitcoin against the background of geopolitics
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- The expert predicted the further movement of bitcoin against the background of geopolitics
Bitcoin behaves like an asset with accumulated strength, refusing to go into a deep correction even without obvious growth drivers. The key resistance line remains the $72k zone. — its breakdown can confirm the "bullish" scenario and open the way to the levels of $ 75-76 thousand. Alexander Schneiderman, head of Alfa-Forex's Customer Support and Sales department, told Izvestia on March 26.
"While the bitcoin price is trading above the psychologically important level of $ 70,000, the local trend can be considered moderately positive, however, any loss of this support can quickly activate sellers and send quotes to the next reduction targets in the region of $ 68,800 and $66,700," the expert said.
According to him, the volatility in the near future will depend primarily on real actions in the international arena, and not on the words of diplomats, emphasizes Schneiderman. Market participants are advised to closely monitor trading volume as it approaches the upper limit of the $72,000 range, as growth without significant capital inflows is unlikely to hold bitcoin's position in a new round of negativity.
The expert notes that the most reasonable strategy now is to expect a clear breakdown of one of the boundaries of the current corridor, since the internal dynamics of the market is completely subordinated to external macroeconomic and geopolitical shocks that can instantly change the direction of movement of all risky assets.
Alexander Baryshnikov, manager of the Mining fund at Record Capital Management Company, told Izvestia on March 2 that Iran's attacks on American bases in the Middle East had increased uncertainty and put pressure on risky assets. Stock index futures lost more than 1%, and investors began actively redistributing funds into defensive instruments, including gold and oil. Bitcoin ended the week down just 2.76%.
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