Short-term consolidation between $40,000 and $45,000
BTC Perpetual Futures Contract BINANCE:BTCPERP
With the recent turmoil in the cryptocurrency markets, after a sustained downward trend since November. BTC looks to have found some solid ground, hard support has been found in the range below $40,000 with the long-term price unlikely to slip below $35,000 again. Purchases below $40,000 represent good long-term value, consolidation channel trade opportunities likely to present themselves between the $40,000 and $45,000 lines over the next few weeks.
