Bitcoin falls through $40,000Following yesterday's ugly reversal candle in bitcoin, it has continued to slide. It's now down $779 to a session low of $39,880.
Unlike the Nasdaq, it's held the April lows so far.
The latest leg lower is a reminder that bitcoin has been a good leading indicator of intraday market sentiment. The S&P 500 is also touching fresh intraday lows but support is thinning out.
I fear for this chart over the weekend.
Source: Bitcoin falls through $40,000 (https://www.forexlive.com/Cryptocurrency/bitcoin-falls-through-40000-20220422/)
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