Bitcoin loses $40K as BTC price support levels give way to 1-week lows

Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark.

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

Upper range support levels crumble for BTC

Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600.

Traders had hoped that various price points above $40,000 would be sufficient to steady the market after its…


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