Bitcoin has done well in the $ 40,000 support range, and the price has recovered twice from that range. But it is still struggling with $ 45,000 resistance.
Yesterday, Bitcoin again attacked the $ 45,000 resistance but again fell slightly as it approached this range. If it can record future daily candlesticks at a price higher than this range, it can be assured with a high percentage of breaking this range and further growth of bitcoin.
If we do not see a stabilization candle above the $ 45,000 resistance level in the daily timeframe, we should expect more falls. If the price drops, the first destination of Bitcoin will once again be the support range of $ 40,000. Of course, we can not be sure that this range will support bitcoin again.
On the lower timeframes, Bitcoin has the local support of $ 43,000 area and $ 41,700 area.
⚠️The Russia-Ukraine tension is still there, and we will see the impact on markets. Keep tight stop loss in all positions.⚠️
I hope for a day when the world is free of war and hatred.