Analyst suggests swing trading Bitcoin is the best move as BTC price dips below $40K

Analyst suggests swing trading Bitcoin is the best move as BTC price dips below $40K

Bitcoin (BTC) price flashed bullish for a brief moment, possibly tricking some traders into opening longs, before plunging back below $40,000 in evening trading hours. Let’s take a quick look at what traders think about the current price action and whether or not today’s brief break out was nothing more than test of overhead resistance.

BTC/USDT 1-day chart. Source: TradingView

Resistance remains at key moving averages

Analysis of Bitcoin’s weekly price action was discussed by crypto trader…


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