Bitcoin Fades From Resistance; Support at $40K

Bitcoin (BTC) struggled to break above the $44K resistance level, although lower support at $40K could stabilize the current pullback. Stronger resistance is seen at $46K, although downside momentum could continue into the Asia trading day.

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BTC price now has support above $40K as data shows Bitcoin ‘redistribution event’

Strong hands have now bought up practically all the supply from those who bought BTC at November’s all-time highs and since capitulated.

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2 key derivatives metrics signal that Bitcoin traders expect BTC to hold $40K

The entire crypto market is green on Feb. 28, and derivatives metrics suggest that BTC's bullish reversal will flip $40,000 back to support.

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TA: Bitcoin Reverse Losses, But Why $40K Still Is The Key

Bitcoin found support near $34,300 and started a strong recovery against the US Dollar. BTC climbed above $38,000, but it is still struggling near $40,000. Bitcoin found support near the $34,300 and $34,500 levels.

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TA: Bitcoin Breaks $40K, Why Recovery Could Face Hurdles

Bitcoin extended decline below the $40,000 support against the US Dollar. BTC is correcting losses, but it might face resistance near the $39,500 zone. Bitcoin extended decline below the $40,000 and $39,500 support levels.

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TA: Bitcoin Dives To $40K, What Could Trigger More Downsides

Bitcoin started a fresh decline below the $43,000 support against the US Dollar. BTC declined sharply to $40,000 and might continue to move down. Bitcoin started a fresh decline below the $43,000 and $42,500 support levels.

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Bitcoin price closes in on $40K, but pro traders are still skeptical

Traders expect BTC to flip $40,000 back to support soon, but derivatives metrics signal that a different outcome could occur.

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TA: Bitcoin Turns Bearish, Bears In Control Below $40K

Bitcoin started a strong decline below the $40,000 support against the US Dollar. BTC might recover, but upsides might be limited above $38,000. Bitcoin started a major decline below the $40,000 and $38,000 support levels.

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On Chain Metrics Show BTC is Oversold, Indicating a Relief Rally to $40k in coming weeks

The recent market crash erases nearly $1 trillion in market capitalization. With Bitcoin breaking a major support level at $40k, the global market sentiment turned bearish. And many market participants are expecting BTC to reach 30K before making a bounce.

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Cardano drops 15% as amid broad selloff; here's where it can find support

Bitcoin dropped below the $40k mark in recent hours. Cardano saw a strong move on the lower timeframes in the past week as it rallied from $1. 23 to $1. 63 and appeared to break out of a downtrend.

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Crypto liquidations pass $700M as altcoins take a hit from Bitcoin sinking below $40K

Pain for Bitcoin and altcoin investors alike as a fresh cascade sees $40,000 support disappear.

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TA: Bitcoin Dives Below $40K, Why Bulls Could Struggle In Near Term

Bitcoin started a strong decline from the $43,500 resistance against the US Dollar. BTC remains at a risk of more downsides below the $39,200 support. Bitcoin started a major decline after it failed to clear the $43,500 resistance.

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TA: Bitcoin Key Indicators Suggest A Strengthening Case For Move Below $40K

Bitcoin failed to stay above the $43,000 support against the US Dollar. BTC is trading in a bearish zone and could continue to move down below $41,200. Bitcoin is struggling to climb above the $42,500 and $42,800 resistance levels.

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Terra breaks out of a bullish pattern, but can it retest support before resuming rally

The price of Terra has followed Bitcoin's direction very closely in the past few days. Bitcoin bounced from the $40k area, and Terra had a strong move upward too. The day prior to press time, saw BitcThe post Terra breaks out of a bullish pattern, but can it retest support before resuming rally appeared first on AMBCrypto.

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Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’

3 key Bitcoin price indicators suggest that the $40,000 level will hold as support throughout 2022.

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BTC holds crucial support at $40K! | Watch The Market Report with Gareth Soloway

“The Market Report” with Cointelegraph is live right now with special guest Gareth Soloway, an experienced swing and day trader.

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Is $40K Bitcoin the new $10K? BTC holds $43K support as exchange Bitfinex halts trading

An unexpected problem causes Bitfinex to temporarily shut down, with Bitcoin price action undoing gains in the process.

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Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels

The Chinese property developer will soon be a “non-event,” one analyst says, with markets already shrugging off the story.

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‘Extreme fear’ as Bitcoin price falls below $40K... and then bounces

While many analysts believe Bitcoin is destined for six figures if support at $40,000 can hold up, others are predicting an imminent bear cycle.

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Bitcoin price analysis: BTC faces potential declines to $40k

The BTC/USD pair has traded at lows near the key support of $46,300, with…

The post Bitcoin price analysis: BTC faces potential declines to $40k appeared first on Coin Journal.

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TA: Bitcoin Breaks Key Support, Why BTC Could Revisit $40K

Bitcoin price failed to stay above the key $45,000 support zone against the US Dollar. BTC is showing a few bearish signs and it could correct lower to $40k. Bitcoin extended its decline below the $45,500 and $45,000 support levels.

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Bitcoin fractal that predicted 2020 rally flashes again as BTC price reclaims $40K

The MACD indicator hints at a potential bullish crossover as Bitcoin’s price retests $40,000 as support.

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TA: Bitcoin Turns Green, Why Close Above $40K Is Crucial

Bitcoin price is trading in a positive zone above the $39,000 level against the US Dollar. BTC must settle above $40,000 for a sustained upward move in the near term. Bitcoin is trading positively above the $38,500 and $38,800 support levels.

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Bitcoin fails to flip $40K with traders eyeing $36K or lower for support

A welcome retracement should involve a bounce at a minimum of $32,500, forecasts assume after heavy resistance hits BTC/USD.

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TA: Bitcoin Dips From $40K, Here’s Why Uptrend Is Still Intact In BTC

Bitcoin price started a downside correction from well above $40,000 against the US Dollar. BTC is now trading near a major support at $38,000, where the bulls are currently active. Bitcoin started a downside correction after it failed to stay above $40,000.

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Bitcoin TA: Here’s What Could Trigger A Bullish Reversal Above $40K

Bitcoin price was dumped yesterday by over 20% against the US Dollar. BTC is recovering from $30K and it might attempt a bullish reversal above $40K. Bitcoin tumbled below the $40,000 and $35,000 support levels.

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TA: Bitcoin Breaks Key Support, Here’s Why BTC Could Dive Below $40K

Bitcoin price failed to stay above the key $42,150 support zone against the US Dollar. BTC is declining and it remains at a risk of a sharp decline below $40K. Bitcoin failed to stay above the main $42,000 and $42,150 support levels.

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Bitcoin support wobbles amid warning BTC price could hit $40K next

Dissolving support at $50,000 opens up a path to levels not seen in months, warns Delta Exchange CEO Pankaj Balani.

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Bitcoin Consolidates above $40K, Why BTC Could Surge To $50K

Bitcoin price gained further momentum and traded to a new all-time high near $42,000 against the US Dollar. BTC is currently consolidating gains and it could surge towards $45K and $50K. Bitcoin is trading in a strong uptrend above the $36,000 and $40,000 support levels.

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Altcoins sell-off as traders jostle to hold Bitcoin price above $40K

Bitcoin bulls fight to hold the $40,000 level as support while many altcoins sell-off due to profit taking.

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TA: Bitcoin Corrects From $40K, Why $35K Could Protect Losses

Bitcoin price surged above the $40,000 level before correcting lower against the US Dollar. BTC traded below $38,000, but it is likely to find a strong support near $36,500 or $35,200 Bitcoin extended its rally above the $38,000 and $40,000 resistance levels.

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Yearn.finance YFI soars to $33K after Coinbase listing — is $40K next?

Yearn.finance is back above $30,000 but YFI price technicals must first confirm some new levels of support before moving higher to new highs.

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