@BOMBERuss 20 February 2022 more from that month

The fall of #Bitcoin below the $40,000 level forced analysts to return to the forecasts of crypto-winter 2.0, which foresee a decrease in cryptocurrencies by 80% from historical highs, as it was in 2018. The negative scenario is confirmed by the geopolitical situation and the fundamental picture of the tightening of monetary policy by Central #Banks. Despite the unconditional negative impact of the above factors, each of them can be a reason for Bitcoin's rebound next week. First of all, it is worth paying attention to the technical picture of the BTC/#USD chart. Judging by the lower trend line of the support line, the quotes are still in the upward trend stage. In the event of a further decline in Bitcoin, it will act as a support, reinforced by the horizontal level, which has already "extinguished" #volatile sales. Such a combination of horizontal and inclined supports is called a "node", often acting as a reliable pivot point. The node is reinforced with a wide technical zone from $38,000 to $35,000.