Waiting for $40K? Bitcoin's critical level is already here, says new research

Cointelegraph

Published Apr 08, 2022 12:24PM ET

Updated Apr 08, 2022 02:20PM ET

Bitcoin (BTC) is at a “pivotal” point and faces macro forces that could influence it for “months to come,” fresh research says.

In its latest market update on April 8, trading suite Decentrader called for more attention to Bitcoin’s “yearly pivot” price.

BTC/USD chart with yearly pivots marked (screenshot). Source: Decentrader
Crypto liquidations chart. Source: Coinglass

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