BTC at a critical level
BTC has reached near the critical support at 40k. BTC is inline with NASDAQ (tech stocks). It is under pressure from rising interest rate. Ideally, BTC should have gone up but definitely not acting like an inflation hedge.
37k to 40k range is the most critical support range for BTC to recover otherwise it could go down up to 28k.
46K will change the game for those who are bullish. For now, the downside pressure is high.
Spectrum indicator is showing 40k as the immediate support.
37k to 40k range is the most critical support range for BTC to recover otherwise it could go down up to 28k.
46K will change the game for those who are bullish. For now, the downside pressure is high.Spectrum indicator is showing 40k as the immediate support.
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