BTC price – Page 522

Bears scattered as Bitcoin hit $40K, but pro traders remain cautious

Bitcoin’s rally to $40,000 alleviated some of the bearish sentiment in the market, but data shows derivatives traders still walking on eggshells.

The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs.

A welcome retracement should involve a bounce at a minimum of $32,500, forecasts assume after heavy resistance hits BTC/USD.

An analyst promises an “interesting few days” as volatility firmly reenters the Bitcoin market and sentiment transforms.

Bitcoin consolidates below $38,000 following yesterday’s rally above $40,000 while altcoins give back most of their gains.

Funds are flowing back into GBTC, data suggests, as CEO Sonnenshein reiterates plans to turn Grayscale crypto funds into ETFs.