• If Bitcoin manages a sustainable break above key resistance at $45,000, that opens the door for $54,000 next, said Christopher Grafton, managing director at Vectisma Ltd. Over the past two months, as global asset markets were whipsawed by an increasingly hawkish Federal Reserve and then Russia's invasion of Ukraine, Bitcoin remained stubbornly in a range.
  • Only the briefest dip below $33,000; never above $46,000. As the sideways trading dragged on, Vladimir Putin's war in Ukraine -- and the sweeping financial sanctions heaped upon Russia in retaliation -- added fuel to a long-running debate about crypto: Is it the ultimate haven from increasing governmental overreach? Just another riskon asset class? Or a convenient tool for sanctions evasion crying out for stricter policing? Bitcoin's key tactical upside breakout zone remains between $44,550 and $46,000, according to Ron William, founder of RW Market Advisory. He cites so-called accumulation patterns, which have recently been supported by safe haven flows triggered by the escalating geopolitical tensions.
  • If Bitcoin manages a sustainable break above key resistance at $45,000, that opens the door for $54,000 next, said Christopher Grafton, managing director at Vectisma Ltd. A far more bearish support would be at $20,000, according to William of RW Advisory. He says it's both a psychologically important level and a target in a long-term regression analysis. Bitcoin hasn't traded that low since December 2020.