{"id":2347,"date":"2022-03-04T17:22:36","date_gmt":"2022-03-04T17:22:36","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=2347"},"modified":"2022-03-04T17:22:36","modified_gmt":"2022-03-04T17:22:36","slug":"bitcoin-declines-with-us-stocks-as-nuclear-threat-ripples-through-markets","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=2347","title":{"rendered":"Bitcoin declines with US stocks as nuclear threat ripples through markets"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) bulls saw no relief at the Wall Street open on March 4 as $40,000 support appeared on the horizon.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>Trader: Markets \u201cshaky,\u201d but BTC could bounce<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView\u00a0revealed new March lows of $40,551 for BTC\/USD on Bitstamp, taking two-day losses to 10.2%.<\/p>\n<p>Fears over the security of Ukraine\u2019s nuclear infrastructure drove not just crypto but traditional markets lower on the day, with the S&amp;P 500\u00a0following European indexes to decline by 1.4%.<\/p>\n<p>\u201cBitcoin\u00a0correcting as tensions around Ukraine are increasing, and fear is increasing too as Gold is rushing upwards,\u201d Cointelegraph contributor Micha\u00ebl van de Poppe explained in his latest Twitter update. <\/p>\n<p>\u201cMight be seeing a bounce, if we do, I\u2019m looking at $43.1-43.5K as a potential resistance point. Overall shaky markets, altcoins dropping too.\u201d<\/p>\n<p>Looking ahead, meanwhile, a highly cautious Pentoshi warned that the macro outlook looked bleak thanks to a combination of commodity inflation, reduced ability of central banks to tame it, and the existing damage done by responses to the coronavirus over the past two years.<\/p>\n<p>\u201cYou can already see other markets starting to show massive cracks in the foundation, Hong Kong has erased 100% of the post covid gains, and it appears European markets are next,\u201d he wrote in one of a series of tweets about the situation Thursday. <\/p>\n<p>\u201cI\u2019m not sure how anyone can look at the past, and be bullish on the present.\u201d<\/p>\n<p>Oil remained a case in point this week, with WTI reaching its highest levels in the past decade and Brent hitting $112 a barrel. Russian oil conversely struggled to find buyers despite being offered at a steep discount.<\/p>\n<h2>Price consolidation was \u201cexpected\u201d<\/h2>\n<p>When it came to Bitcoin, however, not everyone was bearish.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin mining difficulty drops for the first time this year<\/em><\/strong><\/p>\n<p>Analyzing recent chart movements, popular account BTCfuel spied a potential rebound already in the making.<\/p>\n<p>\u201cBitcoin\u00a0looks like it\u2019s setting up a reversal structure,\u201d he commented alongside a chart showing two potential trajectories for BTC price action.<\/p>\n<p lang=\"en\" dir=\"ltr\">#Bitcoin looks like it&#8217;s setting up a reversal structure <\/p>\n<p>After running into the 100D MA (red) there are 2 scenarios possible IMO. Staying between the MA&#8217;s and following the blue scenario or falling below the MA&#8217;s and following the orange scenario pic.twitter.com\/f4XvqZWVA4<\/p>\n<p>\u2014 BTCfuel (@BTCfuel) March 4, 2022<\/p>\n<p>Others, including fellow Twitter account Kaleo, were equally unfazed.<\/p>\n<p>\u201cConsolidating in the 40.5K &#8211; 42K range above support as expected. Still expecting a bounce from this range,\u201d he wrote Friday.<\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-declines-with-us-stocks-as-nuclear-threat-ripples-through-markets\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) bulls saw no relief at the Wall Street open on March 4 as $40,000 support appeared on the horizon. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Markets \u201cshaky,\u201d but BTC could bounce Data from Cointelegraph Markets Pro and TradingView\u00a0revealed new March lows of $40,551 for BTC\/USD on Bitstamp, taking two-day losses to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2348,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-2347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2347","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2347"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2347\/revisions"}],"predecessor-version":[{"id":2349,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/2347\/revisions\/2349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/2348"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}