Greetings to all the readers of this great platform, in the present opportunity I want to share information referred to the behavior in the BTC market, these last weeks, in several opportunities, I shared with you information referred to the BTC regarding the corrections it was making, and how this affected the whole market in general, but yesterday its market price managed to recover the accumulation channel.
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A few days ago, the BTC was capturing investors between 40k and 46k in terms of its price in the market, until the news arrives that Russia was not going to allow the mining of BTC in their country anymore, being a high impact news achieved that the BTC lost the support it had at that moment over 40k.
This generated a lot of fear in the market, and the less experienced people sold at a loss, without waiting for the behavior of the market that apparently we were facing a false breakout, and there was a great possibility that the market would recover the support it had lost to continue accumulating.
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As of yesterday, February 04, 2022, that possibility became a reality, with the price of BTC managing to overcome what was now a strong resistance at approximately 40k, considering that it has returned to its accumulation channel to continue capturing new investors.
With this is not to say that the BTC price is going to heaven at the moment, for this price rebound to materialize, it must capture new investment in the market, continue to realize its accumulation range that will allow it to get the necessary momentum to overcome this major setback.
It is not an easy task to achieve, which can last a few months, from my perspective the first quarter of this year will be an area of accumulation, from the beginning of April we can see how its price begins to rise, although being blockchain we face a very variable market, and you must be very careful to take positions in the market, I believe that for the last quarter of the year we will have new record highs throughout the market, it only remains to have patience and be constant, thanks for reading my article.
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