Launching in 3, 2... Here's why Bitcoin breaking $40,000 is different than la...

Launching in 3, 2... Here's why Bitcoin breaking $40,000 is different than la...

Bitcoin broke $40,000 in a strong recovery rally over the past three days as BTC could stabilize above the key level in the foreseeable future. The price of Bitcoin (BTC) broke above $40,000 on Feb. 6 for the first time in 23 days. But this time, the market sentiment is a lot calmer with a less overheated derivatives market.The combination of a less crowded Bitcoin futures market, the selling pressure from whales peaking, and a fast recovery could help BTC stabilize above $40,000 this time.Bitcoin recovers quickly after whales finish sellingOn Jan. 29, a pseudonymous Bitcoin researcher and....


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