Technical:
1. Bitcoin is at its Daily Support Level.
2. Fibonacci retracement is showing upside potential.
3. Wicks can touch the orange line.
4. Target = 43000
Fundamental:
Due to restrictions on Russia. Rich people in Russia can convert Russian Ruble into Bitcoin to protect their wealth. Bitcoin could play an important role as a safe haven asset or in circumventing sanctions for Russia. In near future Bitcoin price can go higher too.
1. Bitcoin is at its Daily Support Level.
2. Fibonacci retracement is showing upside potential.
3. Wicks can touch the orange line.
4. Target = 43000
Fundamental:
Due to restrictions on Russia. Rich people in Russia can convert Russian Ruble into Bitcoin to protect their wealth. Bitcoin could play an important role as a safe haven asset or in circumventing sanctions for Russia. In near future Bitcoin price can go higher too.