Bitcoin Slumps Below $40k Again, Here’s What To Consider In The Coming Days

Bitcoin temporarily surpassed $40,000 before falling below again as investor sentiment shifted to mildly negative. Bitcoin Tanks Below $40k…Again After climbing to $42,000 over the weekend, it appears like Bitcoin is losing pace once more. As of press time, the world’s largest cryptocurrency was down 3%! Bitcoin is currently selling at $38,591 with a market capitalization of $724 billion. Investors are frustrated by Bitcoin’s recent price volatility, which has shown dramatic oscillations without confirming any particular trend. Algo-traders and options What investors should do from now on, according to Altcoin Psycho. According to Bitcoin’s technical charts, if it manages to break out over $41,000 and hold it for a long time, it will move to $49,000 levels. On the downside, if Bitcoin crashes under $36,000 levels, the next support levels will be at $29,000. $BTC If we reclaim the range high at 41k, long and close at 49k. If we lose 36k, short to 29k. We just have to wait for one of the triggers pic.twitter.com/e1Dx9RR6Gp — Altcoin Psycho (@AltcoinPsycho) August 2, 2021 From here on out, things aren’t going to be easy for Bitcoin investors. Bitcoin’s social and audience attitude is still slightly pessimistic. Bitcoin sentiment remains somewhat unfavorable, based on the Bitcoin social volume and ratio of good vs. negative remarks, because crypto investors/traders are quite active on the ...