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Bears control Bitcoin price, but traders say the $40K zone is still good ‘for longs’

$40,000 remains a hurdle for BTC price, but traders still agree that the current range is a zone for accumulation.
Traders faced another day of red markets on April 14 after the weakness in equities markets continued to put a damper on crypto prices. Data from Cointelegraph Markets Pro and TradingView shows that after holding onto support above $41,000 in the early hours of April 14, the price of Bitcoin (BTC) was slammed back below $40,000 in the afternoon session and hit a daily low of $39,550.BTC/USDT 1-day chart. Source: TradingViewHere’s a look at what analysts are saying about the short-term outlook for Bitcoin. Bitcoin needs to find support above $42,000Bitcoin’s price action on the monthly chart was discussed by markets analyst and pseudonymous Twitter user Rekt Capital, who posted the following chart showing what happened when the $47,000 resistance level was rejected in September 2021.BTC/USD 1-month chart. Sour

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We współpracy z: https://cointelegraph.com/news/bears-control-bitcoin-price-but-traders-say-the-40k-zone-is-still-good-for-longs

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