Yesterday, the bears pushed BTC/USD to the low of $39.789 as bulls bought the dips.
Following the bearish impulse on April 11, buyers have failed to push Bitcoin to the previous highs.
The market will decline to the low of $37,577 if sellers are successful and the bearish momentum is sustained.
She admitted that the Bank of Russia should reconsider its tough stance on the digital asset industry, stating: “We need to see if we are too tight here and we need to ease up these projects on digital financial assets.
This can become another channel for attracting funding through digital financial assets.” Elvira Nabiullina has indicated measures that Russia has taken and is planning to adopt in order to help the government mitigate the impact of massive Western sanctions against the Russian economy.
Meanwhile, the BTC price has continued to fluctuate above the $40,000 support as it attracts selling pressure.