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.