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Bitcoin (BTC) Bounces Back After Dipping Below $40,000

Valdrin Tahiri
·1-min read

BeInCrypto –

After breaking down below the $44,000 support area, Bitcoin (BTC) found support just above the $40,000 level and rebounded.

If BTC has not reached its low already, it’s likely to complete the pattern with one more small decrease.

Bitcoin breaks down

On Sept 20, BTC broke down from the $44,000 horizontal support area amid a large bearish candlestick. The next day, it resumed its descent and briefly fell below $40,000 before bouncing.

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto