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Bitcoin (BTC) Price Bears Below $40K Again

Bitcoin (BTC) Price Bears Below $40K Again, BTC USD chart as featured image

Earlier today, most of thecryptocurrency prices were deep red. During the last 24 hours, the overall crypto market capitalization has decreased by 1.82%, to $1.84 trillion. The entire market volume for the previous 24 hours is $80.67B, declined by 24.14%. Losses are growing in crypto and stocks also, predicts a very dark end of the week. According to Tradingview, the Bitcoin price at press time is $39,730 USD.

Bitcoin (BTC) Price Bears Below $40K Again

Bears attacking

According to the latest data, BTC reached a low of $39,197 on Bitstamp on April 22. However, the bull’s $40,000 support level had not to be firmly established as a dividing line in the sand. The S&P 500 and Nasdaq 100 were on fall down by 1.75%  and 1.43%, in the first 40 minutes of trading. As more bad news, the sell-off in the European bond market had “historic proportions,” according to market observer Holger Zschaepitz.


Crypto Rover, a well-known crypto analyst, posted about a closed triangle and asked everybody to choose the direction for the following week for the price of BTC:



When this came to Bitcoin, most traders were in a “Wait and See” phase. Other well-known trader Cheds, looked at price performance over the past weeks and provision a more bad stance. On April 22, he cautioned that the prognosis for BTC may now be grimmer than most had expected, just because of its failure to break over the overall volume of 2022 trading.


Image by Tradingview.



Marcia is a real crypto fan, specialized in bitcoin and NFT news.


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