The post BTC Price Crash Warns A 14% Drop If Sellers Break $40K appeared first on Coinpedia Fintech News
The remarkable bull run in Bitcoin, starting from $26K in September 2023, finally takes a pullback after reaching the height of $49K. However, the momentum of the recent pullback threatens the prevailing uptrend in BTC price, and the 2024 bull run possibility is questioned. 
With two Bitcoin Spot ETFs reaching the $1 Billion AUM mark within a week, BTC price is struggling to hold off the selling pressure. The Spot ETF news is turning bearish because of the growing outflows in the GBTC trust. However, the alternative ETFs are witnessing an increase in inflow. Hence, the possibility of a recovery trend in the near future is on the rise. 
Moreover, as per our BTC price prediction, 2024 has extreme bullish potential for Bitcoin. 
Source – Tradingview
With the Bitcoin price falling last night by 3.40%, the downtrend tests the crucial bullish defense at the 50% Fibonacci level. Furth

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