Bitcoin Price Prediction: BTC wobbles to $40,000, but weak technical levels delay upswing to $50,000

Bitcoin price is pivotal at $40,000, whereby bulls lack the momentum to extend the gains to $50,000 and barricade the downside, eliminating all bearish threats. The 40% recovery from the support at $30,500 fizzled out at $43,000, marking the most formidable technical resistance.