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$40K Bitcoin price is in reach, but analysts warn that a sweep of recent lows is likely -Breaking

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There’s was no rest for weary crypto traders on March 10 as a CPI Print at 7.9%It was the headline of today, which put pressure on financial markets worldwide and erased the gains from the previous day.BTCAs the price dropped below $40,000.

From Cointelegraph Markets ProAnd TradingViewIt is evident that BTC’s sell-off began on Thursday morning and escalated to midday, with the price reaching a low at $38,562 just before dip buyers bought it back above $39,000 support.

BTC/USDT 1-day chart. Source: TradingView
1-week chart. Source: Twitter
Bitcoin long-term holder SOPR. Source: Stack Funds
Number of BTC accumulation addresses that are unique. Twitter
BTC/USDT 1-day chart. Source: Twitter