Bitcoin rejects reasonable correction, regaining over $40,000
Following a significant rejection from the psychological barrier of $48,000, the price of Bitcoin (BTC) is now experiencing a pullback. BTC has been able to recapture the psychological level of $40,000 after reaching a range low of $38,555. This is despite the fact that the slope has been slippery. The situation for Bitcoin holders is still unclear until the price breaks and closes above the $40,726 support level on the three-day period. Until then, they are in a precarious position.