Bitcoin Sells Off with Russia Tensions

Bitcoin has sold off with stocks as the markets react to the Ukraine/Russia conflict. We were skeptical of the bull rally anyway, as we have mentioned here many times. Bitcoin have solidly given up the 40K handle, and are well into the 30K's at this point. The level 38.2K appeared to provide good support, but another wave of selling took us back further to 36.7K. This appears to be a bottom for now, but there is a vacuum zone to 34.9K. If we catch some bull momentum, 40K is the level to break to see higher levels.