Bitcoin unexpectedly surpassed $44,000, hitting $44,793.60 on March 1, checking for recent gains at the Wall Street opening. Now analysts are looking at the next technical levels for BTC and ETH…
Analysts identify levels after $45 in BTC, $3,000 in Ethereum
BTC/USD open, according to data from TradingView It fell from its local high of $44,980 on Bitstamp. March 1 continued a fairly mild phase for US stocks with oil only, reflecting the knockout effects of the Ukraine crisis on the second day of trading with the armed conflict in Europe in the background. Bitcoin, on the other hand, managed to retain most of its resurgent gains on March 1. BTC/USD is up 14% at the time of writing compared to a week ago.
A popular Twitter analyst, DonAlt, in his analysis of short periods, said, “$44,000 has been tried a million times, I wouldn’t want to be caught kidnapping it,” he said. “$40 is strong support if we experience an unexpected drop,” the analyst says.
Russia-Ukraine crisis confirms Bitcoin (BTC) safe-haven
As the Ukrainian scenario unfolded late last week, Bitcoin’s image as a possible safe-haven in times of unrest rose and reversed previous losses. turned it. Charles Edwards, founder of crypto fund Capiole, says:
Bitcoin has proven to be a safe haven in these uncertain times. Since the invasion of Ukraine, it has outstripped all other asset classes by orders of magnitude.
BTC/USD previously reported daily by fellow analyst Nebraskan Gooner It was falling towards the $43,600 level, which was defined as a critical level for the close.
Smaller cryptocurrency wallets reach new heights
The usage of Bitcoin (BTC) and Ethereum (ETH) wallets in particular has increased. Smaller ETH addresses holding at least 0.01 ETH and BTC addresses holding at least 0.1 BTC set all-time highs, according to data from on-chain analytics firm Glassnode. As of March 1, 21.9 million 0.01 ETH wallets and 3.35 million 0.1 BTC wallets were found.
At the time of writing, Bitcoin (BTC) and Ethereum (ETH) are trading in the $43,300 and $2,900 zones, respectively. You can reach the latest developments from Solana, Cardano and Ripple, which we have transferred as Kriptokoin.com.
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