Over the past week, bitcoin fell in price against the dollar by 11.47%

Over the past week, bitcoin has fallen in price against the dollar by 11.47%, to $ 41,864. In the posts above, I wrote that several factors contributed to the weakening of cryptocurrencies. The trigger for the collapse of prices was the events in Kazakhstan, the published minutes of the FOMC December meeting. Additional pressure came from the fall in US stock indices and the strengthening of the dollar.

I will not repeat myself. Over the weekend, buyers were unable to bounce off the trend line. On Monday, January 10, sellers muddied the trend line by rewriting last week's low at $ 39,650. It did not work to gain a foothold below 40 thousand. The rebound was 5.78%, to 41.9 thousand.

What exactly triggered the purchase of cryptocurrency with the falling SP500 index, I do not know at the moment. Bitcoin's reversal coincided with a fall in the dollar index. Major currencies blocked the fall. The SP500 is also trying to turn upward.

The situation in all regions of Kazakhstan has stabilized. The buildings captured by the protesters were liberated. All areas returned to the full control of the country's official government. Almost all Kazakhstani legal mining data centers have resumed their work.

For sellers to calm down, buyers need to close the daily candle above $ 43,000. If a pinbar is formed, chances are that the price will remain above the $ 40 thousand level for some time. Purchases, but unconvincing. Apparently they will appear when fastening above 44 thousand.

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