Bitcoin bounced from $38,500 to $40,500 but has fallen back to $39,000
The pressure is on against cryptocurrencies now as we’re seeing the squeeze continue.
From a technical perspective, this is a very slippery slope for Bitcoin if the drop today breaks below both the $40,000 mark and its 200-day moving average. If sellers can manage that, a push towards $30,000 isn’t out of the picture next. Invest in yourself. See our forex education hub.
Bitcoin prices are up 0.14% at $46662.51 on early Tuesday trades. In Q1, Bitcoin prices witnessed a bearish trend, closing near its opening for the quarter, declining around 5%. Many analysts believe that Bitcoin is poised to break out and soar after a bout of profit-taking. The second quarter,...
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