Bitcoin is growing again. There are two reasons to enjoy the next few weeks or panic

The biggest cryptocurrency since the beginning of this year is not experiencing the best period. After the decline of the entire cryptomen market in January and the subsequent inconspicuous growth, the Russian invasion of Ukraine came, which, of course, swept the world markets. In the last week, however, bitcoin has seen less growth again, and in this article we will once again show where the cryptocurrency is headed in the current situation.

In the end, the January decline did not result in this year’s low of around $ 32,000, which bitcoin reached in January, which we say did not “lower low”. From that moment on, bitcoin grew more or less and in the last days its growth caught faster dynamics. It is currently at strong resistance at $ 47,303 to $ 48,876.

For the next way up, however, I see two problems, which are resistances at the level of $ 47,300 to $ 48,800 and 53,400 out of $ 54,900. These are, in my opinion, the strongest levels, where bitcoin will have a significant problem and which will decide whether or not its more permanent growth can continue. At this point, absolutely nothing has been decided yet.