Bitcoin clings to $40K support as focus returns to BTC price 'supercycle'

Bitcoin clings to $40K support as focus returns to BTC price 'supercycle'

With little comfort on the daily chart, analysts once more zoom out to explain the lack of momentum on the market. Bitcoin (BTC) fooled no one with its criss-crossing of $40,000 on April 15 as traders remained firmly risk-off on BTC.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin returns to key 2022 Fib levelData from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing modestly after returning to the $39,500 zone on April 14.The move erased an impulse move higher from earlier in the week, underscoring the lack of bullish market momentum despite conspicuous....


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