2 years ago
Quick take:
- Bitcoin has deed a section precocious of $44k
- Bitcoin is presently successful bullish territory supra the 50-day and 100-day moving averages
- The bullishness surrounding Bitcoin and the propulsion towards $44k tin beryllium attributed to rumors of Russia accepting BTC for vigor exports
- Bitcoin could deed $48k astir the 200-day moving average
Bitcoin has erstwhile again deed a worth of $44,000 which was past witnessed astatine the opening of this month.
This caller accomplishment by Bitcoin was accomplished moments agone arsenic the King of Crypto continues connected its bullish trajectory supra the 50-day (white) and 100-day (yellow) moving averages.
However, and from the regular BTC/USDT illustration above, Bitcoin’s bullish momentum could beryllium moving retired of state arsenic the regular MFI and RSI are successful somewhat overbought territory astatine values of 71 and 62 respectively. The regular MACD is yet to amusement signs of weakness though the magnitude of its histograms indicates a debased bargain measurement by the bulls.
Consequently, Bitcoin mightiness inactive person a accidental astatine tapping the 200-day (green) moving mean astatine astir the $48k terms country successful the days to follow. This feat volition astir apt beryllium achieved successful the caller period of April.
Rumors of Russia Planning to Accept Bitcoin for Energy Exports
To enactment is that Bitcoin opened the time astatine astir $43k and went connected to acquisition a section debased of $42,500 2 hours ago.
The energetic thrust to $44k tin beryllium attributed to quality circulating connected societal media, that Russia could soon see Bitcoin arsenic a signifier of outgo for vigor exports.
The anticipation of Russia accepting Bitcoin for vigor exports was derived from a quality interview of the Chairman of the Committee connected Energy successful Russia, Pavel Zavalny, successful which helium states the following:
‘The currencies utilized tin beryllium antithetic and it’s a mean practice. If it’s Bitcoin, past it’s Bitcoin.’
NEW – Russia to judge #Bitcoin arsenic outgo for vigor exports, says Pavel Zavalny, Chairman of the Energy Committee.pic.twitter.com/wUEOzX8Kfz
— Disclose.tv (@disclosetv) March 24, 2022
At the clip of writing, determination has been nary authoritative confirmation that Russia volition statesman accepting Bitcoin arsenic a signifier of outgo for Energy exports.
If it does crook retired to beryllium true, Bitcoin volition erstwhile again look superior scrutiny from legislators successful the US and EU who person raised concerns that cryptocurrencies tin beryllium utilized by Russia and its elites to circumvent the ongoing sanctions aimed astatine halting its penetration of Ukraine.
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