Bitcoin ($BTC) is oscillating below the $100,000 mark for the last 12 days. However, several macroeconomic developments are happening that could change the crypto regulations. BTC investors have held their cards as this week has been crucial in this matter. A number of economic policies and geopolitical tensions, such as Russia-Ukraine conflict, are playing their part in changing the dynamic of prices.

External Factors Playing Role in the Oscillation of Bitcoin Below $100,000 Mark

Several factors are playing role in the oscillation of BTC below the mark. Some of the important are,

Geopolitical Tensions and Inflation

The recent conflict between Russian and Ukraine is causing inflation globally and also significant driving a stir in the crypto market. If it persists, there would be stark sentimental alterations in the investor’s sentiments. It would then impact BTC price trends.

Major Monetary Events to Watch from Feb 18-23

On February 18, Australia’s Federal Reserve will declare its interest rate resolution. Moreover, New Zealand’s Federal Reserve will reveal its monetary policy statement on February 18. Then, The U.S. Federal Reserve will release minutes from its January monetary policy meeting, offering insights into future rate hikes, on February 20. While on February 23, USA is going to the final University of Michigan Consumer Confidence Index for February, a key indicator of economic sentiment.

These are the major economic events that would influence Bitcoin prices and movement.

Regulatory Developments in Crypto World

The defunct exchange FTX will commence repayments to creditors, which may impair liquidity in the market. Also, one of the biggest blockchain conferences, Consensus Hong Kong, opens its doors to the public for debate on future legislation and market trends. Moreover, The EU’s Markets in Crypto Assets Act (MiCA) is now fully operational, causing major exchanges like Kraken to delist stablecoins like USDT in Europe. This regulation takes effect in the EU.

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Thus to conclude, the reports show that BTC is currently trading within Ascending Broadening Wedge as well as Ascending Triangle Patterns, both Bullish patterns. If it rebounds from $106,000 resistance, it can reach $120,000-$124,000 and show a strong upside move. Additionally, there is a chance of liquidation events due to high exchanges. Therefore, investors are making critical moves.