Macro factors finally see $40,000 give way for Bitcoin price action after two weeks above.
Bitcoin (BTC) fell through $40,000 as Wall Street opened on Feb. 18 with analysts watching lower levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin falls to two-week lowsData from Cointelegraph Markets Pro and TradingView showed BTC/USD teasing a $40,000 breakdown throughout Friday, with several attempts seeing bounces higher before the level finally gave way.At the time of writing, the situation was still unclear, with 24-hour losses for the pair approaching 5% and volatility heightened.The last time that Bitcoin traded below $40,000 was on Feb. 4, making current levels a two-week low.Correlation to stocks, themselves rattled by the Federal Reserve and geopolitical tensions, remained in focus.#bitcoin remains highly correlated to risk assets. It too remains in a confirmed downtrend. Day 25 heading into the H
We współpracy z: https://cointelegraph.com/news/btc-price-dips-below-40k-as-wall-street-open-spells-pain-for-bitcoin-bulls
