The dip yesterday was bought back up late in the day, as price barely hangs on at the 100-day moving average (red line). That is the key technical level in play for Bitcoin now as price threatens a steeper drop under the $40,000 mark. The post-ETF fallout continues for the cryptocurrency and the downside pressure is mounting as traders are running out of reasons to stay bullish.As much as there is an argument for the correction to run deeper, we have to respect the technicals too. And for now, that is dictating that buyers are still staying in the game. A firm rebound back above $40,000 will give them more confidence but it doesn't take away from the continued negativity on the outlook follo
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