It did not take much — around $3,500 off the Bitcoin price — for crypto traders to have a change of heart.
Bitcoin (BTC) trended toward a $40,000 retest on Feb. 12 as BTC price action bore out analysts’ predictions.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader hopes to avoid 'ugly’ weekly closeData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching local lows of $41,741 on Bitstamp Saturday before a rebound over $42,000.An about-turn had ended the pair’s advance after U.S. CPI data hit, and calls soon emerged for a return to $40,000 or even lower to see how steely bulls’ resolve really was.For Cointelegraph contributor Michaël van de Poppe, the results were still inconclusive, but caution was definitely needed going forward on short-timeframe trades.”Bitcoin looking at the same resistance still,” he summarized alongside a chart showing potential support and resistance targets.”We
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