Bitcoin fails to hold $40K with traders still hoping for a BTC price relief bounce

The latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe.
Bitcoin (BTC) pierced $40,000 at the Wall Street open on April 26 as its latest relief rally lasted less than 24 hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$39,500 eyed as BTC safety netData from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping from local highs of $40,800 on April 26.At the time of writing, volatility was in evidence as bulls and bears tussled for $40,000, a level which had been beaten with April 25’s uptick.United States equities contributed to the return of sell-side pressure, with the Nasdaq 100 promptly losing 1.5% on the open and the S&P 500 trading down nearly 1%.For popular trader Crypto Ed, the odds were on for a trip to $39,500 before another relief bounce took the market higher, potentially towards $42,800.#BTC when bounce here, target

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