Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»EXCHANGE NEWS»Why the Bitcoin price may turn red and BTC fall below $40,000
EXCHANGE NEWS

Why the Bitcoin price may turn red and BTC fall below $40,000

By Crypto FlexsJanuary 22, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Why the Bitcoin price may turn red and BTC fall below ,000
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin price began a new decline below the $41,250 support area. BTC is showing signs of weakness and could fall significantly below the $40,000 support area.

  • Bitcoin price is gaining bearish momentum below the $41,500 area.
  • The price is trading below $41,500 and the 100-hour simple moving average.
  • The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming with resistance near $41,320.
  • The pair is currently at risk of further downside if it breaks the $40,000 support zone.

Bitcoin price resumes downward trend

Bitcoin price has struggled to stay above the $42,200 support area. However, BTC failed to clear many hurdles and started a new downtrend below the $42,000 level.

It has moved below the $41,500 and $41,250 support levels. The price even surged below the $40,500 level. A low was formed near $40,369 and the price is currently consolidating losses. It is currently trading near the 23.6% Fib retracement level, down from the $42,260 swing high to the $40,369 low.

Bitcoin is currently trading below $41,500 and the 100-hour simple moving average. Immediate resistance is near the $41,000 level. The first major resistance is near the $41,250 level. The hourly chart of the BTC/USD pair also has a major bearish trendline forming with resistance near $41,320.

Source: TradingView.com BTCUSD

The trend line is close to 50% of the Fib retracement level of the recent decline from the $42,260 swing high to the $40,369 low. A clear break above the $41,320 resistance may move the price towards the $42,000 resistance. The next resistance is now forming near the $42,200 level. The price could rise further above the $42,200 level. The next major resistance level is $43,250.

Will there be more losses in BTC?

If Bitcoin fails to rise above the $42,200 resistance zone, it may continue to fall. Immediate support for the downside is near the $40,500 level.

The next major support is $40,000. The price could gain bearish momentum if it closes below $40,000. If indicated, the price may fall towards the $38,500 support in the near term.

Technical indicators:

Hourly MACD – MACD is now picking up speed in bearish territory.

Hourly Relative Strength Index (RSI) – The RSI for BTC/USD is now below the 50 level.

Key support levels – $40,500, then $40,000.

Key resistance levels – $41,500, $42,000 and $42,200.

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

Ether Leeum price rises

July 23, 2025

Bitcoin Price $ 123K Explosion -Trader Brace for Brake Out

July 20, 2025
Add A Comment

Comments are closed.

Recent Posts

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025

Ripple CTO’s amazing regret for censorship

July 26, 2025

Ether Leeum validation exit exit queue will explode with 521,000 ETH ATH.

July 26, 2025

Wake’s GMX Hacking Analysis and Attack Scenario

July 25, 2025

Pepeto Announces $5.5M Presale And Demo Trading Platform

July 25, 2025

$75K In Rewards Announced For Valhalla’s First-Ever Tournament

July 25, 2025

Bitcoin Market Bullish? DL Mining Launches $100 Bonus + Sustainable Cloud Mining

July 25, 2025

Bybit And Tether Launch Strategic Partnership To Accelerate Crypto Adoption In Brazil

July 25, 2025

Remittix Presale Raises $17M After Revealing Next-Gen Web3 Wallet Beta Launch Date

July 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Safe and expandable MCP server development: Main strategies and best practices

July 27, 2025

Cardano (ADA) flashes optimistic signals. Did the meeting just started?

July 26, 2025

DL Mining Launches In The U.S.

July 26, 2025
Most Popular

Understanding Closed Loop Tokens: Enhanced Security and Customization

June 30, 2024

Bitcoin prices are cold among the concerned macroeconomic data. Will $ 95K hold this week?

April 29, 2025

FUD or not, Chainlink holders have plenty of reasons to be happy!

February 2, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.