Bitcoin preserves $40,000 as support and bounces higher as traders eye the impact of "institutional sized" moves on BTC price.
Bitcoin (BTC) faces an uphill struggle to reignite its uptrend after its biggest one-day losses of 2023.
The largest cryptocurrency continues to claw back lost ground after falling to lows of $40,200 after the Dec. 10 weekly close, the latest data from Cointelegraph Markets Pro and TradingView shows.
With BTC price action taking a break from relentless gains — one which many argue was overdue — new key support and resistance levels are coming into play.
