Bitcoin Price Analysis: BTC Fails at $40K, Is the Bullish Correction Over?
After an impressive rebound following the retest of the $30K area on Sunday, bitcoin reached $40K earlier today. However, over
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
After an impressive rebound following the retest of the $30K area on Sunday, bitcoin reached $40K earlier today. However, over
Bitcoin is up by an impressive 18% since yesterday’s low at $31,100. It fell beneath the $36,750 (.786 Fib) support
XRP bounced by 8% today to break back above the 2020 highs and reach $0.85. Against bitcoin, XRP found
Ethereum is down by a steep 40% over the past week and over 55% since the ATH, currently struggling to
Bitcoin is ending today (Sunday) a second bloody week, which could probably turn into the worst-ever week for the primary
The past seven days were particularly volatile and, unfortunately for many, bears had the upper hand. Bitcoin dropped to a
ADA is down by 12.3% over the past week, meaning it is the top-10 ranked asset that has seen the
Ethereum is up by a total of 60% from yesterday's low as it closes back in on $3,000. Against bitcoin,
Bitcoin bounced by over $10K after yesterday’s bloodbath. After retesting support at $30K, it rebounded hours later and reached over
Bitcoin saw another sharp 17% price drop today, causing the cryptocurrency to spike as low as $36,250 as of writing