Sanctions fuel bounce for Bitcoin, On-Chain Outlook, Edition #29 (06/03/2022)
Mounting laundry list of economic sanctions against Russia - but is there a silver lining for Cryptocurrency? Read on for the latest review of on-chain metrics featuring Bitcoin, Ethereum 👇
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Monday market open awaits, Will direction match sentiment?
With the conflict in Ukraine showing little signs of easing, cryptocurrency markets observed an interesting week of developments in the price action front.
Technical analysis coverage in Charting with Griff should help provide context for those who need it.
Recall Vu’s comments in the Market Wrap published on Friday, where analysis suggests Bitcoin jumped to the US$ 43K to 45K range for a couple of days in light of the sanctions against Russia.
As usual, crypto-Twitter decided to take on a bullish perspective at resistance with the prevailing sentiments shifting across major influencers on the platform.
For today’s Qluster edition, let’s check on our on-chain metrics and assess if the macro supply narrative has changed ahead of tomorrow’s opening session.