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Bitcoin fails to hold $40K with traders still hoping for a BTC price relief bounce

Category — Market news - 2022-04-27

Bitcoin (BTC) pierced $40,000 at the Wall Street open on April 26 as its latest relief rally lasted less than 24 hours.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping from local highs of $40,800 on April 26.

BTC/USD annotated chart with RSI. Source: Rekt Capital/ Twitter (NYSE:TWTR)

DOGE/USD 1-hour candle chart (Binance). Source: TradingView

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