Bears control Bitcoin price, but traders say the $40K zone is still good ‘for longs’ By Cointelegraph

[ad_1]

Bears control Bitcoin price, but traders say the $40K zone is still good ‘for longs’

Traders faced another day of red markets on April 14 after the weakness in equities markets continued to put a damper on crypto prices.

Data from Cointelegraph Markets Pro and TradingView shows that after holding onto support above $41,000 in the early hours of April 14, the price of (BTC) was slammed back below $40,000 in the afternoon session and hit a daily low of $39,550.

BTC/USDT 1-day chart. Source: TradingView
1-month chart. Source: Twitter (NYSE:)
BTC/USD 1-day chart. Source: Twitter
BTC/USD 2-hour chart. Source: Twitter
Bitcoin price vs. percent of supply in profit. Source: Twitter
BTC/USD vs. the Bitcoin choppiness index. Source: Twitter