Bitcoin fails to beat resistance as $40K stays out of reach into weekly close

Bitcoin (BTC) faced down $40,000 on Feb. 27 as hopes for the weekly close hinged on avoiding a fourth red monthly candle in a row.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Tensions mount for TradFi markets open

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making several attempts to break out of the $30,000-$40,000 corridor Sunday, all of which ended in rejection.

The pair had stayed broadly higher throughout the weekend, cutting traders some slack after…


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