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Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby

A price drop to $37,000 could stabilize the current sell-off, although $30,000 is a more significant level to watch given the decline in long-term momentum.

Updated May 11, 2023, 3:39 p.m. Published Jan 21, 2022, 7:19 p.m.
Bitcoin daily price chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)
Bitcoin daily price chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)