Bitcoin Sideways on Resistance as Inflation Joggles with the Crypto Super Bowl – Trustnodes - BitcoinEthereumNews.com
Bitcoin $45k resistance, Feb 2022 $45,000 has not been much of a resistance on its way up previously, but it has been huge support. In addition just a few days hanging out here is not really big resistance, but its here where bulls and bears are scuffling a bit, presumably because bulls are not sure whether this is really going up, and bears are not sure whether this has a reason to go down, so they just eying each other. Inflation hitting 7.5% gave a bit of small jitters on Thursday both for bitcoin and stocks, but both seemingly quickly ignored it because it‘s not really bad news, it’s more unchanged news. Its also old news about last month. The up to date news is more about the current price of gas which is the primary driver of current inflation. Gas futures, Feb 2022 Gas seems to be testing support, with the worst of winter arguably over as we near Valentines day, although March is still potentially a cold month but not as much in most of Europe. So that support may well break down which should ease inflation, but the data wont reflect it until April. We got a nice spike this month in gas prices so