Weekly BTC Position: 44k, but will it stay there this time?

Weekly-BTC-Position-44k-but-will-it-stay-there-this-time

The issue between Russia and Ukraine seemed to be making the market bearish, so I closed my long position and actually thought about opening short position. But BTC reached 44k!
My guess is that new short term demand rushed in from the countries surrounding the war.

Will the market recover from this?
Maybe check out our new UTXO Age Band metrics to find out what happened!
Share your thoughts and predict what BTC closing price would be on Sunday.

Also, this week’s Honorable Mention goes to @bigpapi !!🥳
Just like you said, Russia/Ukraine caused volatility and it sure was a surprise.

I’ll come back next Monday with our next Honorable Mention.
I sincerely hope for peace in Ukraine, and for this war to end soon.