coingape.com
- Bitcoin price barely holds above $38,000 short-term support as losses linger toward $35,000.
- The MACD on the four-hour chart has a vivid bearish signal, implying that the slightest resistance path is downward.
- Only a break above $40,000 will ensure market stability as bulls look toward the ultimate liftoff past $50,000.
Bitcoin price has lost several key support areas in the past few days. The upswing to $42,500 had renewed investors’ hopes that time had finally come for Bitcoin to regain its glory, moving above $50,000 and toward $65,000.