What’s Next For Bitcoin Prices As They Struggle Close To $43,000?

What’s Next For Bitcoin Prices As They Struggle Close To $43,000?

Bitcoin prices have been encountering some difficulty recently, repeatedly falling below the $43, 000 level and then failing to mount significant recoveries. The world's most prominent digital currency dropped to $42, 777. 20 around 9:30 a. m. EDT, CoinDesk data shows. Shortly after, the cryptocurrency recovered somewhat, rising to $43, 962. 01 at roughly 11 a. m. EDT. After enjoying this rebound, the digital asset fell back, declining to approximately $42, 840 around 1:30 p. m. At the time of this writing, bitcoin had appreciated slightly, trading close to $42, 950. [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 weighed in, shedding some light on where the cryptocurrency might go next. Ben McMillan, CIO at IDX Digital Assets, offered some input, identifying crucial levels of support and resistance. "$43k is a key support in the near term as bitcoin looks to build on its relative strength over the last weeks," he stated. "This level also happens to be the 200-day moving average which is a key threshold for a lot of the technical traders,"