What Next For Bitcoin Prices As They Struggle Close To $40,000?

What Next For Bitcoin Prices As They Struggle Close To $40,000?

This is a BETA experience. You may opt-out by Several analysts offer input on what's next for bitcoin prices. Bitcoin prices have suffered some weakness lately, falling below $40, 000 this afternoon and trading close to that level since then. The world's largest cryptocurrency by market value first declined below $40, 000 around 3:15 p. m. EDT, CoinDesk data shows. The digital currency quickly bounced back, rising above $40, 000 and surpassing $40, 200 near 4:30 p. m. EDT, additional CoinDesk figures reveal. Following this short-lived recovery, bitcoin gave up all the gains it had made, declining to an intra-day low of $39, 253. 69 at roughly 6:15 p. m. EDT. At the time of this writing, the digital asset had recovered slightly, trading below $39, 800. [Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.] Following these latest price movements, several experts offered their perspective on what the cryptocurrency might do next. Some of them provided technical analysis, emphasizing key levels of support and resistance that traders should keep in mind. Collin Plume, CEO and founder of My Digital Money, offered