Bitcoin back to the 40k handle - #btc #bitcoin $btcusd
Bitcoin created a bull trap scenario and got everyone into the markets thinking we would begin to make a move higher once it broke the 42-43k handle, however, that wasnt the case and yesterdays late day selloff caught a lot of people off guard. Bull were screwed when the price quickly dropped back down and many were liquidated. As we speak, the market is trading back in its consolidation zone and holding above 40k. If we break below 40k than support can be found around 38k handle. If not, the range will be around 38k-42k for now.
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