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.