{"id":484070,"date":"2022-02-18T18:28:58","date_gmt":"2022-02-18T18:28:58","guid":{"rendered":"https:\/\/wncen.com\/?p=484070"},"modified":"2022-02-18T19:35:28","modified_gmt":"2022-02-18T19:35:28","slug":"crypto-bulls-struggles-to-defend-bitcoins-40000-level","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/crypto-bulls-struggles-to-defend-bitcoins-40000-level\/","title":{"rendered":"Crypto Bulls Struggles To Defend Bitcoin&#8217;s $40,000 Level"},"content":{"rendered":"<p><span style=\"font-weight: 400\">As the Ukraine crisis worsens, Bitcoin and other cryptocurrencies are trading lower. The crypto market went down after the news broke that Russia had expelled USA Deputy Chief of Diplomatic Mission Bart Gorman following an escalation with Ukraine President Petro Poroshenko over fears for his safety.&#8221; On February 17th after President Biden reiterated that an invasion by Russia is \u201cvery excessive,\u201d many investors took fright. They are afraid of what could potentially happen if this situation isn&#8217;t resolved soon enough.<\/span><\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/ideas\/supportandresistance\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Tradingview information<\/span><\/a><span style=\"font-weight: 400\"> reveals that bears are offensive as Bitcoin sinks to new lows. Bulls have regrouped and tried everything from preventing selling via buy orders, but it doesn&#8217;t seem like they&#8217;ll be able to stop this lousy trend any time soon. In the afternoon, trading began again with increased overall stress within the crypto market. Prices dropped by over $2,000, bringing Bitcoin close enough to touch the $40,000.<\/span><\/p>\n<p style=\"text-align: center\"><b><i>Related Reading | <\/i><\/b><a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-dives-to-40k-2\/\"><b><i>Bitcoin Dives To $40K, What Could Trigger More Downsides<\/i><\/b><\/a><\/p>\n<p><span style=\"font-weight: 400\">With each passing day, analysts agree that the bullish case for a greater transfer continues to dwindle. The elements are weighing on the crypto market mount, and it seems like an uphill battle trying desperately not to let them get down.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Experts Reviews On Crypto<\/span><\/h2>\n<p><span style=\"font-weight: 400\">If you&#8217;re looking for a way to invest in the Ukraine-Russia tension, now is your time. David Lifchitz from ExoAlpha says that investors should buy cheap stocks before more news about what might happen next between these two countries.<\/span><\/p>\n<figure id=\"attachment_484072\" aria-describedby=\"caption-attachment-484072\" style=\"width: 596px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\" wp-image-484072\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/02\/BTCUSD_2022-02-18_23-22-41.png?resize=596%2C333\" alt=\"Bitcoin Price\" width=\"596\" height=\"333\"><figcaption id=\"caption-attachment-484072\" class=\"wp-caption-text\">Bitcoin broke its $40,000 support and trading low | Source: BTC\/USD Chart on <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Tradingviews.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Lifchitz advised that the current Ukraine-Russia saga is taking up all of our attention and hurting us internationally, but it&#8217;s important not to ignore inflation.<\/span><\/p>\n<p style=\"text-align: center\"><b><i>Related Reading | <\/i><\/b><a href=\"https:\/\/wncen.com\/crypto\/how-fears-of-a-possible-russian-invasion-of-ukraine-is-impacting-bitcoin\/\"><b><i>How Fears Of A Possible Russian Invasion Of Ukraine Is Impacting Bitcoin<\/i><\/b><\/a><\/p>\n<p><span style=\"font-weight: 400\">Lifchitz notes that the inflation\/charges situation may last several months, but it will likely hit more in time and on an expanded scale.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Lifchitz explained;<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">Bitcoin is simply pulling again into its $30,000 to $50,000 vary for now as we stay in a merchants\u2019 market. So except there is an important break under $33,000 or above $48,000, the swing buying and selling will proceed, and altcoins will observe the transfer, with simply extra amplitude.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Many people believe that Bitcoin will eventually fail. There&#8217;s also an equal amount of knowledgeable investors and specialists with promising forecasts for its future. One person, in particular, is &#8220;IncomeSharks,&#8221; a market analyst on Twitter known for providing entertaining perspectives about crypto-asset investments.<\/span><\/p>\n<p><span style=\"font-weight: 400\">His most recent words;<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">With every thing that has occurred through the years how will you not be bullish figuring out #Bitcoin remains to be value over $40,000? It continues to be value extra virtually each single yr because it\u2019s inception. It is a stronger asset than folks give credit score.<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">The overall value of all cryptocurrencies now stands at $1.85 trillion, and Bitcoin\u2019s dominance price has fallen to 41%.<\/span><\/p>\n<pre>                   Featured image from Pixabay and chart from Tradingview.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>As the Ukraine crisis worsens, Bitcoin and other cryptocurrencies are trading lower. The crypto market went down after the news broke that Russia had expelled USA Deputy Chief of Diplomatic Mission Bart Gorman following an escalation with Ukraine President Petro Poroshenko over fears for his safety.&#8221; On February 17th after President Biden reiterated that an invasion by Russia is \u201cvery excessive,\u201d many investors took fright. They are afraid of what could potentially happen if this situation isn&#8217;t resolved soon enough. Tradingview information reveals that bears are offensive as Bitcoin sinks to new lows. Bulls have regrouped and tried everything from preventing selling via buy orders, but it doesn&#8217;t seem like they&#8217;ll be able to stop this lousy trend any time soon. In the afternoon, trading began again with increased overall stress within the crypto market. Prices dropped by over $2,000, bringing Bitcoin close enough to touch the $40,000. Related Reading | Bitcoin Dives To $40K, What Could Trigger More Downsides With each passing day, analysts agree that the bullish case for a greater transfer continues to dwindle. The elements are weighing on the crypto market mount, and it seems like an uphill battle trying desperately not to let them get down. Experts Reviews On Crypto If you&#8217;re looking for a way to invest in the Ukraine-Russia tension, now is your time. David Lifchitz from ExoAlpha says that investors should buy cheap stocks before more news about what might happen next between these two countries. Lifchitz advised that the current Ukraine-Russia saga is taking up all of our attention and hurting us internationally, but it&#8217;s important not to ignore inflation. Related Reading | How Fears Of A Possible Russian Invasion Of Ukraine Is Impacting Bitcoin Lifchitz notes that the inflation\/charges situation may last several months, but it will likely hit more in time and on an expanded scale. Lifchitz explained; Bitcoin is simply pulling again into its $30,000 to $50,000 vary for now as we stay in a merchants\u2019 market. So except there is an important break under $33,000 or above $48,000, the swing buying and selling will proceed, and altcoins will observe the transfer, with simply extra amplitude. Many people believe that Bitcoin will eventually fail. There&#8217;s also an equal amount of knowledgeable investors and specialists with promising forecasts for its future. One person, in particular, is &#8220;IncomeSharks,&#8221; a market analyst on Twitter known for providing entertaining perspectives about crypto-asset investments. His most recent words; With every thing that has occurred through the years how will you not be bullish figuring out #Bitcoin remains to be value over $40,000? It continues to be value extra virtually each single yr because it\u2019s inception. It is a stronger asset than folks give credit score. The overall value of all cryptocurrencies now stands at $1.85 trillion, and Bitcoin\u2019s dominance price has fallen to 41%. Featured image from Pixabay and chart from Tradingview.com<\/p>\n","protected":false},"author":555,"featured_media":484071,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,6664,85500,1558],"class_list":["post-484070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-crypto","tag-crypto-bull","tag-cryptocurrency"],"acf":[],"yoast_head":"\n<title>Crypto Bulls Struggles To Defend Bitcoin&#039;s $40,000 Level<\/title>\n<meta name=\"description\" content=\"As Bitcoin sinks to new lows crypto bulls have regrouped and trying everything from preventing selling and defending its $40,000 support.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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