Bitcoin Volatile as Investors Digest Russia

Bitcoin tested lows as the market panic sold with the Russia/Ukraine conflict. But things leveled out quickly, and it subsequently recovered all of its losses. We are currently safely back to the $38K's, hovering just above support at $38.2K. The Kovach OBV has picked up notably, but not enough to give us confidence in any real bull momentum. The value area between $38K and $40K seems reasonable for BTC for now, but if we are able to break $40K, then we should face resistance from two levels in the $41K's. If we retrace further, then we should have support from lows at $34.9K.