Fidelity exec says Bitcoin is ‘technically oversold,’ making $40K a ‘pivotal support’ -Breaking
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© Reuters. An arduous retracement of the (BTCThe price of the ) market fell below $40,000 earlier in the week, for the first time since September 2021.
Analysts abound predictedAlthough the market continued to decline towards the $30,000-35,000 mark, the price recovered $40,000 and moved above $44,000 Wednesday. These developments rekindled hope that Bitcoin could reach $40,000 before moving higher in 2022.
Bitcoin’s Stochastic RSI shows a clear rebound
BTC/Gold ratio indicates that Bitcoin is too oversold
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