market update

 

On March 4, another day of swing price action for bitcoins (BTC) and the wider cryptocurrency market took place as the global economic impact of the ongoing conflict in Ukraine hit a large part of the financial sector hard.

Data from Cointelegraph Markets Pro and TradingView showed that after holding $ 41,000 in the first hours of trading on March 4, the wave of afternoon trading brought the price of BTC below $ 39,100.

According to Rekt Capital, $ 43,100 is a significant level for BTC because when Bitcoin last closed below this weekly level, its "price was squeezed to the red dot of $ 38,000 due to re-testing."

regards,

moneyfreaks