Bitcoin is not home and dry when it comes to recent gains, multiple pundits warn amid the week’s first major correction.
Hopes $42,000 will be preserved
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it neared $43,000 after previously hitting new multi-week highs of $45,500.
At the Wall Street open, ranging continued as bulls eyed levels for potential support in the event of further losses.
Previously, these had included both $40,000 and $41,000, along with several zones in the upper $30,000–$40,000 corridor.
For popular Twitter trader Muro, however, $42,000 needed to gain significance as an intermediate floor to flip sentiment bullish.
“Either we get not significant pullback and go to 51 next,” he summarized on the day.