Launch at 3, 2 … Here’s Why Bitcoin Breaking $ 40,000 Is Different Than Last Time By Cointelegraph


Launch at 3, 2 … Here’s Why Bitcoin Breaking $ 40,000 Is Different Than Last Time

The price of (BTC) surpassed $ 40,000 on February 6 for the first time in 23 days. But this time around, market sentiment is much calmer with a less overheated derivatives market. The combination of a less crowded Bitcoin futures market, selling pressure from whales peaking, and a rapid rally could help BTC stabilize above $ 40,000 this time. Bitcoin exchanges data with whale orders (brown line). Source: Material indicators Support levels of the whale cluster. Source: Whalemap Continue reading on Coin Telegraph

Disclaimer: Fusion Media wishes to remind you that the data contained on this website is not necessarily accurate or in real time. All CFDs (stocks, indices, futures) and Forex prices are not provided by exchanges but by market makers, so the prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for commercial purposes. Therefore, Fusion Media assumes no responsibility for any business losses you may incur as a result of the use of this data. Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on information, including data, quotes, charts, and buy / sell signals contained on this website. Be fully informed about the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment possible.