While multiple factors including external and internal are impacting the Bitcoin price rally to a large extent. The asset is further displaying the probability to maintain a significant downtrend. As more catalysts are currently fueling the BTC price plunge which may also nullify the buying pressure if accumulates.
A significant upward move within the crypto space is witnessed as the interim ceasefire in Ukraine is announced. The asset trends within a very narrow range to begin the weekly trade on a notable on a recovery mode. No doubt the star crypto prevented from going too low and flipped. Yet it still needs to reach out to the heavy liquidity area in between $37K to $36K. And this is when one can expect a notable bullish momentum.
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Despite the interim plunge yet the fear of plunging hard has not yet been eliminated from the BTC price.
Source: https://coinpedia.org/price-analysis/how-will-be-the-bitcoin-btc-price-rally-in-the-upcoming-week-is-44000-possible/