Quote from: KaliLinux on February 25, 2022, 08:59:53 AM

I understand what you are saying but people need fiat to pump into Bitcoin investment for that to happen and I see people saying that the Russia/Ukrian war is affecting Bitcoin but is this really the case?
I just wanted to check that highlighted question, is it really this present conflict that is affecting the price of Bitcoin and other cryptocurrencies, or is Bitcoins price going along the normal TA determined price.

I wanted to put this here first so that we can comprehend it from a wider perspective

but my focus is zooming in on a couple of days here, the green circle and arrow marked price still look like it is still trading along the resistance dotted redline around $39k+.

The market has been having little flash dips since before the war started and it is not different from what we saw with the Bitcoin price within the past few days. Not unless there is something else I missed I would say, Bitcoin is just having its normal market pattern and not under the influence of this Russia/Ukraine crisis.

Yes, I also think the same as you said, the war that occurred in Russia and Ukraine did not affect the price of Bitcoin because there are still many other countries that hold very large amounts of bitcoin. From the graph I saw, it was time for the Bitcoin price to rise after a very sharp decline, this is what makes me believe that the Bitcoin price increase has nothing to do with the war between Russia and Ukraine.

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