Due to the failure of the downtrend and the news of the Russia-Ukraine war, expectations for the growth of Bitcoin and other currencies have risen.
Russia is using digital currencies for its financial transfers due to heavy banking sanctions.
If the weekly stabilizes above 44,000$, we can see 45,700$ weekly targets and then 47159$ for Bitcoin .
If the ceiling breaks, the next resistance range will be 50531$
If the red and blue lines collide in the Ichimoku indicator, we will receive another positive signal.
White: daily
yellow: month and week
Keep in mind that this is just an analysis and not a buy or sell offer. News these days can overcome technical analysis .
have a nice day
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