Bitcoin Regains $40K as Sentiment Turns to ‘Extreme Fear’ – CoinDesk

“A formal signal to break the support will be considered a failure under the previous lows in the $38,000 area,” Alex Kuptsikevich, senior financial analyst at FxPro, wrote in an email to CoinDesk. “The ability to develop a reversal to the offensive from these levels, on the contrary, will reinforce the importance of this moderate uptrend line.”

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