BTCUSDBTCUSD bearish
Analysis from the aspect of information
When bitcoin rose more than 15% last week, some analysts attributed the gains to Russians turning to cryptocurrencies to evade sanctions. However, that theory was proven wrong this week. Cryptocurrency trading volumes on major Russian exchanges have fallen off a cliff. According to Chainalysis data, the volume of cryptocurrency transactions in rubles was only $34.1 million on March 3, half the peak of $70.7 million on February 24 a week earlier.
technical analysis
The point is now in the downward channel and will continue to decline
Divergence indicator down
KDJ indicator appeared dead fork down
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.