Overall, Bitcoin is looking very good, moving out of the lower $38k support zone and moving all the way up and above the resistance zone around $45k. This is a really strong signal for Bitcoin, that just a few weeks ago looked like it might have been headed for the $30k range, spelling danger for many investors and crypto fanatics. While it's still quite early to jump to any conclusion regarding the continuation of this trend and the outlook for BTC over the next few months, this move could be the beginning of something bigger and could turn out to be more significant than people realize.
At the moment, it's still unclear how the recent crypto news is affecting the overall markets, with the sanctions on Russia, and the recent crypto hack of Ronin Network, the second biggest ever, both being really big news that would be expected to have some effect on the pricing of the coin. However, markets seem to have reacted positively and priced this news into their price actions, as we did not see major changes in trend when the news originally got released. We will have to wait and see how the news develops and how the markets react subsequently.