Bitcoin may be threatening lower levels but behind the scenes, demand is “up only,” data suggests.
Bitcoin (BTC) held on to fresh gains on April 14 after a rebound in line with Wednesday’s Wall Street open flipped the mood.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$40,500 now the level to holdData from Cointelegraph Markets Pro and TradingView showed BTC/USD still trading above $41,000 Thursday, having reclaimed the $40,000 mark during the move higher.“So far so good, I expected a move to 41k but I doubt about going for an extra leg down to the green box (blue),” popular trader Crypto Ed commented overnight alongside a chart with near-term price targets. “Coming hours a bit more up, followed by a correction. Retest of 40.5k and when that holds, we’ll go for 42-43k (white). Lose 40.5k and we’ll go for green box.”BTC/USD chart. Source: Crypto Ed/ Twitter$40,500 showed no signs of falling at the time
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