Bitcoin
threatened new local lows on April 16 as large-volume investors held off on selling.BTC/USD 1-hour chart. Source: TradingView
BTC price suffers "clear pessimism"
Data from Cointelegraph Markets Pro and TradingView revealed two fresh dips below $62,000 during the Asia trading session.
Nervous risk-asset markets set the tone across the board on the day, with United States stocks wobbling at the Wall Street open and Bitcoin failing to hold its rebound.
“Very crucial to remain above $62K for any chance to see a considerable bounce,” popular trader Skew wrote in part of his latest market update on X (formerly Twitter).
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