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Analysts say Bitcoin 'bottom is in’ as BTC bounces back to $38,000

Published 02/22/2022, 02:16 PM
Updated 02/22/2022, 04:00 PM
© Reuters.
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The ongoing tensions between Russia and Ukraine continue to be the dominant news story on Feb. 22 as Bitcoin (BTC) and the wider global financial tremble under the pressure as the world awaits some form of resolution to the matter.

Data from Cointelegraph Markets Pro and TradingView shows that the price of BTC has traded in a range between $36,360 and $38,330 on Feb. 22 as a swirl of positive and negative developments sent mixed signals to traders who base their trading activity on news headlines.

BTC/USDT 1-day chart. Source: TradingView
BTC/USD 1-week chart. Source: Twitter (NYSE:TWTR)
BTC/USD 1-month chart. Source: Twitter
BTC/USD 1-week chart. Source: Twitter
Advanced NVT signal. Source: Twitter

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