Why ADAUSD Remains At Risk
After a fresh bearish reaction, Bitcoin price extended decline below the $42,000 support level. There was a clear move below the $40,850 support level and the 21 simple moving average (H1).
The price dived towards $40,000, but the bulls appeared near $40,120. Recently, there was a minor upward move, but the price faced sellers near $40,950. It started another decline and traded below a key bullish trend line with support near $40,800 on the hourly chart.
The price dived towards $40,000, but the bulls appeared near $40,120. Recently, there was a minor upward move, but the price faced sellers near $40,950. It started another decline and traded below a key bullish trend line with support near $40,800 on the hourly chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.