Brief analysis of Bitcoin and the market in general

Hello and good evening to all the friends here on the ReadCash platform. In this opportunity I want to come to make a small technical analysis of the market in regards to Bitcoin.

Recently Bitcoin has suffered a huge drop, from the $44,000 zone to the $40,000 zone. This has been a significant move if we look at the four hour bitcoin chart. However, on a daily chart this is just the beginning of a possible drop that may be just around the corner and is not only going to bring price reductions or corrections of $4,000 or $5,000, but $10,000 or more, turning us to place in the area of ​​36,000 or 33,000 dollars.

These last minute corrections are due to various news that have come out recently regarding the tensions between Ukraine and Russia, as well as possible future announcements from the US Federal Reserve regarding the increase in interest rates. This has been a topic and a debate that still continues to give something to talk about.

Also, we are in a support area around $40,000, and if that area were to be broken, we would probably go back to the $36,000 area.