Bitcoin’s price has been on a roller coaster of a ride throughout the past couple of weeks After rejecting above $40,000, the cryptocurrency faced massive inflows of selling pressure that sent it reeling down to lows of $30,000 The support here proved to be significant and helped the cryptocurrency see further momentum One trader is now expecting Bitcoin to see significantly further short-term upside, noting that its fate depends almost entirely on its reaction to one key level If it can break above this level, it could spark a second wave of buying pressure that sends it significantly higher
Bitcoin and the aggregated crypto market have been caught in the throes of an intense bout of volatility throughout the past several days and weeks.
After breaking below $40,000 last week, BTC saw a massive inflow of selling pressure that caused it to reel all the way down to lows of $30,000.
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The buying pressure here was significant,
