‘Coin days destroyed’ spike hinting at BTC price bottom? 5 things to watch in Bitcoin this week

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‘Coin days destroyed’ spike hinting at BTC price bottom? 5 things to watch in Bitcoin this week
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The rollercoaster isn’t over. The latest geopolitical events, the US inflation, and other macro factors shook up the BTC/USD, leading to five potential scenarios that could influence price action in the coming days.

) heads into the last week of February lower but shows signs of strength as a key support level holds.

Further cues from the U.S. Federal Reserve will be hot property in the short term, with March expected to be when the first key interest rate hike is announced and delivered.? Such hikes are bad news for booming equities, which have had two years of unbridled gains thanks to the giant liquidity program from the Fed to counter another COVID-era demon: lockdowns and unprecedented controls on economic activity.

Commodities such as oil have been conversely profiting from fears over outright war, these so far being misplaced as diplomacy limps on this week.for both risk assets such as crypto and traditional stocks by the end of 2022.“Global stocks have lost another $1.3tn in mkt cap this week on heightened Russia/Ukraine risk & the potential for continual Fed rate hikes this year,” markets commentator Holger Zschaepitz“The latter expected to halt growth & trigger a recession by 2023H1 in the US.

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