Bitcoin rally stalls at .2K but BTC price metric suggests local bottom could be here

Bitcoin rally stalls at $39.2K but BTC price metric suggests local bottom could be here

Bitcoin (BTC) checked its latest advance on Feb. 23’s Wall Street open as Russia repercussions continued to play out. 

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Stocks sour crypto recovery

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling back towards the $38,000 mark during Feb. 23, having earlier reached $39,200 highs.

Pressure from the Russia-Ukraine conflict remained an ever-present threat to equities, with which both Bitcoin and altcoins are…


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