New market report hints a $39,000 retest could be the real Bitcoin bear trap.
) has a “possibility” of winning back more lost ground this month, but a retest of $40,000 may test bulls beforehand.on Feb. 11, trading suite Decentrader voiced cautious optimism over BTC price action.on the back of United States economic data, BTC/USD has since dropped back into the range that has defined it this week.
“Bitcoin is at a relatively neutral level with clear zones of resistance and support above and below,” the update summarized.
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