BTC/USD – $40k is CRITICAL. Shorters need to be punished!

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

DU09

Shorters may need to take a break here at $40k. If not, then BTC is due to visit $35k next.

This level appears like the perfect short opportunity, but the risk/reward is not that great.

BTC has to reclaim $40k as support to keep the bullish bias intact.

Lets see who wins this battle.

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