BTC Price in a Downward Correction as Bitcoin Risks Further Decline- February 17, 2022
Today, Bitcoin’s (BTC) price faces rejection at the recent high as Bitcoin risks further decline. Since February 8, BTC/USD has been confined between $41,800 and $45,000 price levels. The largest cryptocurrency is likely to encounter a price breakout or breakdown when the range-bound levels are breached.
Resistance Levels: $70,000, $75,000, $80,000
Support Levels: $50,000, $45,000, $40,000
Following the rejection at the $45,000 overhead resistance, BTC price has resumed a downward move. The bears are likely to push BTC prices to the lower price range. For the past week, the largest cryptocurrency has been trading in a tight range between $41,800 and $45,000 price levels. On the upside, Bitcoin will rally to the $50,000 psychological price level if the bulls overcome the $45,000 resistance level. Later, the bullish momentum will extend to $52,000 high. Today, BTC price has been declining to the downside. Nonetheless, if the bears succeed in breaking below the $41,800 support, the downtrend will resume. Bitcoin will decline to $39,000 low.
Banning Bitcoin Is Same as the Internet, by Anton Siluanov
Russia’s finance minister Anton Siluanov has indicated that banning Bitcoin is the “same as banning the internet, which is impossible”. However, Elvira Nabiullina who is Bank of Russia’s governor argued that banning Bitcoin in Russia was “quite doable.” According to the finance minister, regulating the cryptocurrency industry is better than banning it as this would allow the government to finally monitor the market. “What’s wrong with that, I don’t understand why it should be banned,” Siluanov said at the briefing. According to the minister: “The Central Bank wants to put an outright ban on crypto assets, arguing that this creates risks, primarily for citizens and can ‘infect’ financial institutions, banks as well as create an opaque settlement market”
From the recent price action, Bitcoin’s (BTC) price is approaching the $40,000 psychological price level as Bitcoin risks further decline. It appears that the crypto will retest or find support above the $39,000 breakout level.
Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!
68% of retail investor accounts lose money when trading CFDs with this provider
Read more:
• How to buy cryptocurrency
• How to buy Bitcoin
Check live crypto rates here
Start trading today – See our list of exchanges
You made some nice points there. I did a search on the subject matter and found most persons will agree with your blog.
I’m curious to find out what blog platform you’re working with? I’m having some small security problems with my latest blog and I’d like to find something more secure. Do you have any suggestions?
buy hytrin 5mg without prescription terazosin 1mg canada order sulfasalazine 500mg generic
terazosin canada sulfasalazine canada purchase azulfidine generic
alendronate cheap motrin 600mg without prescription order famotidine pills
Magnificent site. Plenty of helpful info here. I’m sending it to several friends ans additionally sharing in delicious. And naturally, thanks to your sweat!
I have been browsing on-line greater than 3 hours today, but I never discovered any attention-grabbing article like yours. It?¦s lovely worth enough for me. Personally, if all webmasters and bloggers made just right content material as you did, the web will probably be much more helpful than ever before.
whoah this blog is magnificent i love reading your articles. Keep up the good work! You know, a lot of people are looking around for this info, you can help them greatly.
Hi there, I found your site via Google while looking for a related topic, your website came up, it looks good. I’ve bookmarked it in my google bookmarks.
Magnificent beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast offered bright clear idea
Pretty nice post. I just stumbled upon your weblog and wished to say that I’ve truly enjoyed surfing around your weblog posts. After all I’ll be subscribing on your rss feed and I am hoping you write once more soon!
You have noted very interesting points! ps nice website .
This blog is definitely rather handy since I’m at the moment creating an internet floral website – although I am only starting out therefore it’s really fairly small, nothing like this site. Can link to a few of the posts here as they are quite. Thanks much. Zoey Olsen
It is appropriate time to make some plans for the long run and it’s
time to be happy. I have read this submit and if I
may I desire to counsel you few interesting things or advice.
Maybe you could write subsequent articles referring to this
article. I want to read even more issues about it!
Hello! I just would like to give a huge thumbs up for the great info you have here on this post. I will be coming back to your blog for more soon.