1st March 2022, UK: It is a well-known fact that the cryptocurrency market is incredibly volatile, and it is not something that will go away soon. Due to this volatility, the prices of cryptocurrencies go up and down. The latest Bitcoin price rate is around $41,000, and it has suffered for a long time to reach even 40,000.
The current geopolitical condition may have been an instigator for this situation. This is the same case for Altcoins and other Stablecoins as well. As Russian President Vladimir Putin is working on putting the nuclear deterrence forces, it can be seen as a negative impact.
But the news about the two companies agreeing to sit and talk it out is creating a positive vibe among Cryptocurrency users. Because now people are thinking that the two nations may come to a resolution.
Because the Ukrainian government has asked for help from the cryptocurrency community, this has also created a demand for the same. Through this system, people are asked to send cryptocurrencies on wallets, because credit cards have stopped working. Only, cryptocurrencies are working within the country right now.
Some experts think that the graph will barrel down in this situation, but others are not so sure about it. Some even say that data collected is quite inconclusive, and cannot provide a complete picture of it.
The Russia-Ukraine conflict may affect the price range even in the distant future. If we see the current market statistics, then we can see a bearish resistance in it. But that does not mean bulls are completely off the market.
If the pair consolidates between $39,600 and $36,250, it can cause a break-and-lose situation. And this can open up different opportunities. We need to explore what will happen in different price range situations.
Bears may offer strong resistance at the level of $39,6000, and may further push the price up to $42,000.
If you want to learn more about the cryptocurrency market, then you must choose AtoZCrypto.org. This is a website that offers the latest updates on what's happening, and what to expect in a particular situation.
If you want to check out how the market is reacting to the conflict, and other situations, then you must check out this website. So, for all related information, choose this one.