While the week had been quite grim for the macro markets, the cryptocurrency investor got some respite. Bitcoin has seen a down of $40,000 mark this week on February 27, says the news crypto today. The price variation in bitcoin (BTC) from time to time has made many people worried about the bitcoin market.
According to the data collected from Cointelegraph’s TradingView sections. And also from Markets Pro, indicates that USC/BTC has been trying hard and attempting different ways to properly move on from the price front of $30,000-$40,000. However, all these efforts were rejected because somehow there is no hope for Bitcoin to go beyond the $40,000 mark this week.
The pair has seen quite the high during the whole week. This was possible due to the breathing space the investors managed to get during the volatile week. Bitcoin is surely going through some kind of rough patch for sure.
According to the Cointelegraph, Bitcoin bulls were supposed to go through a lot of high losses but were spared. These saves occurred after Russia invaded Ukraine which managed to shake out all the cryptocurrencies.
Pentoshi, a Popular crypto trader and an analyst said, tentatively optimistic it is quite short to mid-term bottom for bitcoin. He also added I withdrew my orders of 40.3k and now will concentrate higher to 41.6k for eliminating any potential risk.