Bitcoin/BTC currently trading in a support zone @ 38-40K with prices last seen in early Feb.
Correction of ~40% from an all-time high of $64,829 in mid-April.
If Bitcoin can hold this key support level, expect it to rebound. If it breaks below with volume then a continuation of the downtrend is likely.
Expect high volume on futures expiry date next Friday 28th.
Correction of ~40% from an all-time high of $64,829 in mid-April.
If Bitcoin can hold this key support level, expect it to rebound. If it breaks below with volume then a continuation of the downtrend is likely.
Expect high volume on futures expiry date next Friday 28th.