In the last 24 hours, bulls () disappointed investors by losing the $40,000 threshold once again.

This is an exact opposite correction from analysts' predictions this week. At the beginning of the month when rallied to $44,000, some analysts have assumed that the market is entering a new recovery cycle, that could retest $47,500 and then $50,000.

However, with the recent gloomy expressions of the eldest brother BTC It looks like the market's 'red' days will still last.

Page Azcoinnews Currently, technical indicators are mostly neutral towards . And although there are signs of increasing selling pressure, it is possible that in the short term, will likely stabilize around the $37,000-$40,000 support area.”

Arslan Atayev, an investor BTC with 5 years of experience in the market, commented on Twitter that “Follow me scenario BTC drops sub-$28,000 is inevitable,” he noted to investors that the market will see higher volatility as the political situation in the world continues to be as volatile as it is now.

“The current BTC price is very volatile given the global economic downturn from the ongoing conflict in Ukraine. Political instability is weighing heavily on much of the world financial markets,” according to Cointelegraph.

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Speaking to his 574,000 followers on Twitter, crypto analyst Michaël van de Poppe said that “the market will still experience stronger corrections if tensions around Russia and Ukraine do not subside.”

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