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March 31: Bitcoin Price Technical Analysis [Zaif Fisco Cryptocurrency News]

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During the period of excess liquidity amid the COVID-19 pandemic, Bitcoin showed a high degree of correlation with the stock market; however, as tensions in Ukraine escalated and financial sanctions against Russia were tightened, a "safe-haven" buying trend for Bitcoin was observed. While Bitcoin has occasionally come under pressure from risk-off selling as the situation in Russia has intensified, it has since rebounded to just under 6 million yen.