Bitcoin trader eyes $38K dip as Cathie Wood confirms $1M BTC price target by 2030

Bitcoin trader eyes $38K dip as Cathie Wood confirms $1M BTC price target by 2030

Bitcoin (BTC) faced a new threat of a dip below $40,000 on April 8 as short timeframes failed to rescue bulls.

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

Bitcoin risks return to $38,000 support

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating in a range bounded by $44,000 prior to Friday’s Wall Street open.

The pair had reduced volatility after a comedown from 2022 highs during the week, but analysts warned that a return to the year’s…


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