Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Solana (SOL) strives higher with strong copper support, next stop $ 200?

2025-05-22

BNB meeting to all time becomes strong, but this crucial zone has to hold

2025-05-22

Lawyers for Tornado -Contant developer say that federal prosecutors have withheld critical evidence from the court

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    World3 Powers AI-driven Governance on-Chain with Quack AI

    2025-05-22

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21
  • NFT

    FIFA starts Avalanche L1 to Power Soccer NFT Collectibles Platform

    2025-05-22

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Solana (SOL) strives higher with strong copper support, next stop $ 200?

    2025-05-22

    Bitcoin price reaches new all time above $ 111,000

    2025-05-22

    Analyst predicts huge Bitcoin outburst based on one gold graph, sees the Altcoin market following

    2025-05-22

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin Price Dips Below $40,000, Can Bulls Save the Day?
Analysis

Bitcoin Price Dips Below $40,000, Can Bulls Save the Day?

2024-01-23No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price extended its decline below the $40,000 support zone. BTC consolidates losses and remains at risk of more downside below $38,500.

  • Bitcoin price is gaining bearish momentum below the $40,500 zone.
  • The price is trading below $40,500 and the 100 hourly Simple Moving Average.
  • A connecting bearish trendline is forming with resistance near $40,850 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could correct above $40,000, but the bears could remain active around $40,500.

Bitcoin price takes a hit

Bitcoin price remained in a bearish zone below the $42,000 support zone. BTC bears gained strength and were able to push the price below the $40,000 support zone.

A new weekly low was formed near $39,451 and the price is now consolidating losses. It is slowly recovering above the USD 39,800 level. It is approaching the 23.6% Fib retracement level of the recent decline from the $42,260 swing high to the $39,451 low.

Bitcoin is now trading below $40,500 and the 100 hourly Simple Moving Average. The immediate resistance is near the $40,150 level. The first major resistance is around the $40,850 level. A connecting bearish trendline is also forming with resistance around $40,850 on the hourly chart of the BTC/USD pair.

Bitcoin price

Source: BTCUSD on TradingView.com

The trendline is close to the 50% Fib retracement level of the recent decline from the $42,260 swing high to the $39,451 low. A clear move above the USD 40,850 resistance could send the price towards the USD 41,250 resistance. The next resistance is now forming around the $42,000 level. A close above the USD 42,000 level could push the price further higher. The next major resistance is at $43,000.

See also  Bitcoin Price Provides Key Support, Can Bulls Overcome This Key Hurdle?

More disadvantages of BTC?

If Bitcoin fails to rise above the USD 40,850 resistance zone, it could continue to decline. The immediate downside support is near the $39,650 level.

The next major support is $39,500. If there is a close below $39,500, the price may gain bearish momentum. In the mentioned case, the price could fall towards the USD 38,500 support in the short term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major support levels – USD 39,500, followed by USD 38,500.

Major resistance levels – $40,500, $40,850 and $41,250.

Disclaimer: The article is for educational purposes only. It does not represent NewsBTC’s views on buying, selling or holding investments and of course investing involves risks. You are advised to conduct your own research before making any investment decisions. Use the information on this website entirely at your own risk.

Source link

Bitcoin Bulls Day Dips Price save
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana (SOL) strives higher with strong copper support, next stop $ 200?

2025-05-22

Bitcoin affects record $ 111k – This is what drives the power

2025-05-22

Bitcoin price reaches new all time above $ 111,000

2025-05-22

Bitcoin ready for price discovery after $ 109,000 breakout

2025-05-22
Add A Comment

Comments are closed.

Top Posts

The Good News Catalog (Pt. 2): Five positive news stories that will give you the Zoomies

2023-11-29

Bitcoin on the $ 98k edge: Will these 2 factors ignite the rally from BTC?

2025-04-30

The number of searches for ‘Memecoin’ on Google is increasing: what drives this hype?

2024-11-22
Editors Picks

The Battle Royale: What’s in store amid regulatory clashes and hacking chaos?

2024-04-28

BlackRock-backed Securitize integrates Wormhole for cross-chain tokenization

2024-09-22

US Bitcoin reserve priced in? Analyst shares revealing facts

2025-01-23

Investing in Crypto, with…Crypto? | Web3 daily

2023-07-06
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Solana (SOL) strives higher with strong copper support, next stop $ 200?

BNB meeting to all time becomes strong, but this crucial zone has to hold

Lawyers for Tornado -Contant developer say that federal prosecutors have withheld critical evidence from the court

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,726.443.01%
  • ethereumEthereum(ETH)$2,650.193.93%
  • tetherTether USDt(USDT)$1.00-0.05%
  • rippleXRP(XRP)$2.422.06%
  • binancecoinBNB(BNB)$685.804.56%
  • solanaSolana(SOL)$177.874.89%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2404065.16%
  • cardanoCardano(ADA)$0.805.72%
  • tronTRON(TRX)$0.2769172.11%
  • suiSui(SUI)$3.81-2.94%
  • chainlinkChainlink(LINK)$16.604.75%
  • avalanche-2Avalanche(AVAX)$25.1710.45%
  • hyperliquidHyperliquid(HYPE)$31.1917.18%
  • stellarStellar(XLM)$0.2997562.89%
  • shiba-inuShiba Inu(SHIB)$0.0000154.15%
  • hedera-hashgraphHedera(HBAR)$0.2024662.97%
  • bitcoin-cashBitcoin Cash(BCH)$430.306.82%
  • unus-sed-leoUNUS SED LEO(LEO)$8.850.30%
  • the-open-networkToncoin(TON)$3.183.29%
  • polkadotPolkadot(DOT)$4.893.60%
  • moneroMonero(XMR)$405.9912.44%
  • litecoinLitecoin(LTC)$98.453.03%
  • pepePepe(PEPE)$0.0000154.11%
  • bitget-tokenBitget Token(BGB)$5.210.94%
  • piPi(PI)$0.81-0.31%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bittensorBittensor(TAO)$472.4213.18%
  • uniswapUniswap(UNI)$6.412.83%
  • aaveAave(AAVE)$255.780.68%
  • nearNEAR Protocol(NEAR)$3.006.52%
  • aptosAptos(APT)$5.475.26%
  • ondo-financeOndo(ONDO)$1.015.47%
  • okbOKB(OKB)$52.731.23%
  • kaspaKaspa(KAS)$0.1189666.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.445.77%
  • ethereum-classicEthereum Classic(ETC)$19.544.70%
  • internet-computerInternet Computer(ICP)$5.544.83%
  • gatechain-tokenGateToken(GT)$21.730.80%
  • crypto-com-chainCronos(CRO)$0.1002313.79%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2486596.74%
  • vechainVeChain(VET)$0.0300955.27%
  • render-tokenRender(RENDER)$4.996.31%
  • mantleMantle(MNT)$0.751.94%
  • ethenaEthena(ENA)$0.4054882.10%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • arbitrumArbitrum(ARB)$0.4257926.44%
  • algorandAlgorand(ALGO)$0.2386885.34%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.858.57%
  • bitcoinBitcoin(BTC)$110,726.443.01%
  • ethereumEthereum(ETH)$2,650.193.93%
  • tetherTether USDt(USDT)$1.00-0.05%
  • rippleXRP(XRP)$2.422.06%
  • binancecoinBNB(BNB)$685.804.56%
  • solanaSolana(SOL)$177.874.89%
  • usd-coinUSDC(USDC)$1.00-0.03%
  • dogecoinDogecoin(DOGE)$0.2404065.16%
  • cardanoCardano(ADA)$0.805.72%
  • tronTRON(TRX)$0.2769172.11%
  • suiSui(SUI)$3.81-2.94%
  • chainlinkChainlink(LINK)$16.604.75%
  • avalanche-2Avalanche(AVAX)$25.1710.45%
  • hyperliquidHyperliquid(HYPE)$31.1917.18%
  • stellarStellar(XLM)$0.2997562.89%
  • shiba-inuShiba Inu(SHIB)$0.0000154.15%
  • hedera-hashgraphHedera(HBAR)$0.2024662.97%
  • bitcoin-cashBitcoin Cash(BCH)$430.306.82%
  • unus-sed-leoUNUS SED LEO(LEO)$8.850.30%
  • the-open-networkToncoin(TON)$3.183.29%
  • polkadotPolkadot(DOT)$4.893.60%
  • moneroMonero(XMR)$405.9912.44%
  • litecoinLitecoin(LTC)$98.453.03%
  • pepePepe(PEPE)$0.0000154.11%
  • bitget-tokenBitget Token(BGB)$5.210.94%
  • piPi(PI)$0.81-0.31%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.04%
  • bittensorBittensor(TAO)$472.4213.18%
  • uniswapUniswap(UNI)$6.412.83%
  • aaveAave(AAVE)$255.780.68%
  • nearNEAR Protocol(NEAR)$3.006.52%
  • aptosAptos(APT)$5.475.26%
  • ondo-financeOndo(ONDO)$1.015.47%
  • okbOKB(OKB)$52.731.23%
  • kaspaKaspa(KAS)$0.1189666.52%
  • official-trumpOFFICIAL TRUMP(TRUMP)$15.445.77%
  • ethereum-classicEthereum Classic(ETC)$19.544.70%
  • internet-computerInternet Computer(ICP)$5.544.83%
  • gatechain-tokenGateToken(GT)$21.730.80%
  • crypto-com-chainCronos(CRO)$0.1002313.79%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2486596.74%
  • vechainVeChain(VET)$0.0300955.27%
  • render-tokenRender(RENDER)$4.996.31%
  • mantleMantle(MNT)$0.751.94%
  • ethenaEthena(ENA)$0.4054882.10%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • arbitrumArbitrum(ARB)$0.4257926.44%
  • algorandAlgorand(ALGO)$0.2386885.34%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.858.57%