BTC Price Fails To Hold Above $40.04K - BitcoinEthereumNews.com
BTC / USD - Daily Chart Bitcoin is recovering after falling to the low of $37,562 as bulls bought the dips. On May 3, the BTC price rebounded above the current support as the crypto rallied to the high of $40,046. The largest cryptocurrency is facing an uphill task to break the recent high. On April 28, Bitcoin faced a similar challenge as the bears sold at the recent high. Bitcoin declined sharply to the low of $37,633. Today, buyers are still struggling below the $40,046 resistance as the current uptrend reaches bullish exhaustion. On the upside, if the bulls are successful, BTCs price will rally above the $43,000 high. The bullish momentum will extend to retest the $45,000 high . Conversely, if the bulls fail to break the recent high, BTC/USD will decline to $37,633 support. level. Meanwhile, Bitcoin is at level 48 of the Relative Strength Index for period 14. The largest cryptocurrency is still in the bearish trend zone as it is prone to fall. Hal Finey, the Worlds First Publicly Known Bitcoiner Hal Finey is a computer scientist and the worlds first publicly known Bitcoiner. He is the first person to receive a Bitcoin transaction from none other than Satoshi