The crypto market turned red on Monday (25/4), with Bitcoin price dropping to as low as $38,000. Can you come down again? Citing CoinDesk, investors are still keeping a close eye on the ongoing and worsening conflict between Russia and Ukraine. Bitcoin failed to hold that level last week and failed again earlier this week," he told CoinDesk. "Bitcoin continues to see the $38,000 level as support, but further testing of this range could result in a breakout towards $32,000-USD 35,000," he said. "On the upside, $42,000 remains strong resistance," he added “Currently, there is no major bullish catalyst on the horizon and Bitcoin is likely to move within this range or break lower before more aggressive accumulation can begin,” said DiPasquale.
