BTC Price Analysis: Here’s the Next Crucial Support for Bitcoin After Losing $40K

Though the major static and dynamic support lines failed on a daily time frame, the long-term holders’ sell pressure (inflows to all exchanges) was reduced after failing the $39K support levels. A consolidation phase in the $36K-$40K range is the most expected behavior for the mid-term window. Technical Analysis By: Edris Long-Term Bitcoin price has […]

Bitcoin Fighting At Critical Support Ahead of the Weekly Close: BTC Price Analysis

After bitcoin’s move towards $45K turned into a fakeout as BTC got sharply rejected, the recent price action turned short-term bearish, with a critical level to watch at $40K. The uncertainty and the low liquidity status in the crypto markets have led to a volatile period that is also highly correlated with the global markets. […]