Following Tuesday's rally, BTC once again dropped below the $40,000 level.
Since today’s floor, prices have gone on to climb and bitcoin is currently hovering near the $38,910.00 level.
Looking at the chart, the 14-day RSI is also tracking above its own ceiling of 39.50, with the potential for it to move to a higher resistance of 43. Should this happen, not only will we see the current floor continue to hold firm, but we may also be positioned for a run towards $41,000.was also unable to sustain gains made during Tuesday’s session, as prices once again dropped below $3,000.
The world’s second-largest cryptocurrency hit a bottom of $2,786.25 earlier today, which comes less than 24 hours after it traded close to $3,046. Today’s drop saw prices find support at the $2,780 level, which has historically been a soft landing spot for retreating bulls.
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