Bitcoin price holds in consolidation ahead of the anticipated liftoff to $40,000

Bitcoin holds in a tight range between the 50 SMA and the 200 SMA on the 4-hour chart. A breakdown from $38,000 embraced support at $32,000, stopping further losses. Bitcoin must settle above $34,000 and the 200 SMA to confirm the upswing toward $40,000. Bitcoin has managed to hold above $32,000 despite the sharp plunge The post Bitcoin price holds in consolidation ahead of the anticipated liftoff to $40,000 appeared first on Coingape.