בטק מאָוועס אונטער $ 40,000, עטלעכע אַנטיסאַפּייטינג צו $ 30,000 - מאַרק דערהייַנטיקונגען ביטקאָין נייַעס

After a boost on Tuesday, following the release of U.S. inflation data, bitcoin prices were once again lower on Wednesday. בטק has mainly traded below $40,000 during the session, with עטה continuing to hover above the $3,000 level.

ביטקאָין

Following a slight rebound in price during yesterday’s session, בטק fell below $40,000 earlier today, and has remained there throughout the day so far.

בטק/USD dropped to an intraday low of $39,389.66 on Wednesday, which came less than 24 hours after hitting a peak of $40,617.59.

Wednesday’s move saw prices move past the support level of $39,515. However, they have since rallied, moving away from these lows.

Bitcoin, Ethereum Technical Analysis: BTC Moves Below $40,000, Some Anticipating Drop to $30,000 — בטק/ וסד - טעגלעך טשאַרט

אין שרייבן, בטק is now trading at $39,783.91, which is still 1.66% lower than yesterday’s high, with some expecting further declines.

Prominent Twitter technical analyst “Plan B” ran a poll asking his 1.7 million followers if they believed בטק will dip below $30,000, to which 45% of those who voted said “yes.”

The majority who voted “no” are likely looking at the RSI, which is currently tracking at 37, and is already oversold, and may be anticipating a more short-term realistic target of $37,000.

עטהערעום

עטה was fighting to stay above $3,000 on Wednesday, as its price was also marginally lower than that of yesterday’s peak.

אויף מיטוואך עטה/USD fell to an intraday low of $3,005 following the earlier high of $3,080, which sees the price down 2.10% as of writing.

Despite this drop, bulls seem to still be unmoved by the uncertainty of prices, and could even look to send עטה back towards resistance.

This short-term resistance is at the $3,145 level, and with historical bullish sentiment around the current floor of $3,050, we may see a rebound.

However, looking at the chart, a cross of the 10-day and 25-day moving averages has occurred, which could be a sign that momentum may indeed be bearish.

צי איר דערוואַרטן עטה to fall further during the second half of April? Leave your thoughts in the comments below.

אלימאן דאמבעל

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