HomeUncategorizedBitcoin can hit $40K before BTC price sees ‘harsh correction’ — Analyst By Cointelegraph

Bitcoin can hit $40K before BTC price sees ‘harsh correction’ — Analyst By Cointelegraph

February 22, 2023

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© Reuters

(BTC) faced selling pressure at the Feb. 21 Wall Street open as United States’ stock markets opened down.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to daily lows of $24,324 on Bitstamp.

BTC/USD order book data (Binance). Source: Material Indicators/Twitter
S&P 500 annotated chart. Source: Caleb Franzen/Twitter
(DXY) 1-hour candle chart. Source: TradingView