Bitcoin / TetherUSPanjang
An idea for the upcoming weeks
Data from Cointelegraph Markets Pro and TradingView shows that lines in the sand below $40,000 barely remain intact after multiple retests.
The $40,000 mark has been working overtime in recent days as Bitcoin’s macro-fueled downtrend continues to play out. Falling in line with tech stocks, BTC/USD has erased almost all of its gains from the second half of March.
Now, the $30,000-$40,000 corridor has appeared as a short-term target once again and may see Bitcoin stage a replay of its behavior from Q1 this year.
Support levels of interest include one from last month’s push higher, $39,600, which bulls are just about managing to defend despite several crossings lower.
The $40,000 mark has been working overtime in recent days as Bitcoin’s macro-fueled downtrend continues to play out. Falling in line with tech stocks, BTC/USD has erased almost all of its gains from the second half of March.
Now, the $30,000-$40,000 corridor has appeared as a short-term target once again and may see Bitcoin stage a replay of its behavior from Q1 this year.
Support levels of interest include one from last month’s push higher, $39,600, which bulls are just about managing to defend despite several crossings lower.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.