Bitcoin Price Prediction – Bears Eye a Return to sub-$40,000

Bitcoin Price Prediction – Bears Eye a Return to sub-$40,000 After a bearish day for Bitcoin and the majors on Tuesday, it’s been a broadly bullish Wednesday morning. At the time of writing, Bitcoin, BTC to USD, was down by 0.29% to $42,059.0. A mixed start to the day saw Bitcoin rise to an early morning intraday high $42,777.0 before hitting reverse. Falling well short of the first major resistance level at $43,646, Bitcoin slid to a late morning intraday low $41,548. While steering clear of the first major support level at $41,425, Bitcoin tested support at the 38.2% FIB of $41,592. The Rest of the Pack It has been a mixed morning for the broader crypto market. At the time of writing, Crypto.com Coin was down by 4.03% to lead the way down, with Cardano’s ADA (-0.02%) also joining Bitcoin in the red. It’s been a bullish morning for the rest of the majors, however. Chainlink and Bitcoin Cash SV were up by 2.63 and by 2.11% respectively to lead the way.