First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again? – CoinDesk

First Mover Americas: Bitcoin Out of Bullish Trend, Would Fed Backstop Markets Again? – CoinDesk

The immediate support is about $40,000. “On the support side, buying activity has been concentrated around the $40,000 level, where 820,000 BTC was previously acquired, making this the price to watch out for,” Lucas Outumuro, head of research at blockchain analytics firm IntoTheBlock, said in a newsletter published Friday.


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