Honduras May Recognize Bitcoin as Legal Tender within Hours - BitcoinEthereumNews.com
source: btcusd weekly chart, tradingview The war between Russia and Ukraine is also weighing on BTC. Based on current market conditions, Honduras intentions to provide Bitcoin a legal tender status may not have a significant impact on market price. source: btcusd weekly chart, tradingview The war between Russia and Ukraine is also weighing on BTC. Based on current market conditions, Honduras intentions to provide Bitcoin a legal tender status may not have a significant impact on market price. However, in the event, other countries anounce this week that they may follow suit, a more substantial reaction may take place. A break above $45,535 may be required based on the weekly chart. source: btcusd 60min chart, tradingview BTCUSD hourly chart shows the price is ‘compressed’ between the support and resistance levels. As an intraday breakout materializes, BTC may choose its hourly trend. A bearish breakout (below the blue line) may drive significantly lower than a bullish breakout (above the purple line).