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Feb 18: #Bitcoin slipped to $40000 as Biden said yesterday that the likelihood of Russian attack on Ukraine remains 'very high'.

For the last 18 hours BTC is still at the same zone. For now, market is reacting to our global leader's statement regarding the Russia-Ukraine tension. $39000 is the next support on chart while $40000 is the psychological support.

This looks like short term noise and we must stay alert on the news for swing trade signals.

4H RSI looks bullish but the odds of bouncing are very low due to the continued geo political tension. BTC has to break $41500 to continue its bullish momentum.

Bitcoin & Crypto Trading News

SEC Scrutinizing Crypto Exchange Binance US — Chair Gensler Stresses ‘Basic Investor Protection’

The U.S. Securities and Exchange Commission SEC is reportedly scrutinizing the U.S. arm of cryptocurrency exchange Binance over trading firms with links to Binance CEO Changpeng Zhao. SEC Chairman Gary…

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https://news.bitcoin.com/sec-scrutinizing-crypto-exchange-binance-us-chair-gensler-stresses-basic-investor-protection/

PowerTrade Management Team Explains the Benefits of Automated Market Makers

PowerTrade is an easy-to-use crypto options trading platform, enabling traders to maximize ROI through an intuitive interface that provides better prices and lower margin requirements. At PowerTrade, it’s easy for…

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https://news.bitcoin.com/powertrade-management-team-explains-the-benefits-of-automated-market-makers/

US Senate Banking Chief Criticizes Super Bowl Crypto Ads, Claims ‘Big Crypto Companies Are Desperate’

The United States senator from Ohio and Senate Banking Committee chief Sherrod Brown is not a fan of cryptocurrencies. This week during Tuesday’s stablecoin hearing, Brown criticized all the cryptocurrency…

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https://news.bitcoin.com/us-senate-banking-chief-criticizes-super-bowl-crypto-ads-claims-big-crypto-companies-are-desperate/

Bitcoin, Ethereum Technical Analysis: ETH Remains Above $3,000 as Markets Consolidate

Following yesterday’s rally in crypto, prices consolidated on Wednesday, as markets were once again fearful of escalating tensions between Russia and Ukraine. The uncertainty came as NATO reported that Russia…

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https://news.bitcoin.com/bitcoin-ethereum-technical-analysis-eth-remains-above-3000-as-markets-consolidate/

Arab Federation of Capital Markets Partners With UAE to Launch Blockchain Innovation Challenge

United Arab Emirates UAE’s Ministry of Economy has joined hands with the Arab Federation of Capital Markets AFCM to kickstart a challenge that encourages fintechs to create a know-your-customer KYC…

read more:
https://news.bitcoin.com/arab-federation-of-capital-markets-partners-with-uae-to-launch-blockchain-innovation-challenge/