Are you surprised by Bitcoin's recent downturn? Here are possible factors:

* Grayscale Trust outflows
* High leverage in the market
* Typical pre-halving adjustments
* Macroeconomic influences

What are your thoughts on the current state of BTC?

#bitcoin #cryptocurrency #investing #bitcoindown #BTC

Bitcoin is currently experiencing a downturn, but according to my Elliott Wave analysis, we're nearing the completion of wave (A), likely leading to a relief rally up to 66k. During this rally, many alternative cryptocurrencies are expected to surge. There are three strong support levels to watch: around 59,340 USDT, 53,080 USDT (fair value GAP), and 50,585 USDT (liquidity below wave 4). The possibility of reaching the 50k level is high, signaling the need for preparation. Following this, a new bull market could emerge, potentially surpassing 100k later in the year. Share your thoughts on this analysis, and consider boosting and following for more insights. Remember, with proper guidance, trading can be more manageable. Best of luck with your trades! 🥺🥺 #HotTrends #BNBChain #bitcoindown #TradeSmart" #BOME

Bitcoin slides back to $40,000 as post-ETF correction deepens

Cryptocurrencies tumbled on Thursday, with bitcoin falling back to $40,000.

Bitcoin last traded lower by 3.6% at $41,167.14, according to Coin Metrics. Earlier, it fell as far down as $40,601.37, its lowest level since Dec. 18. Ether, which has gotten a boost in recent days while bitcoin struggled, fell too. It was last down 3% at $2,448.41. The rest of the crypto market broadly dragged with them

#BTC #TrendingTopic #TradeNTell #BitcoinMoves #bitcoindown