BTC price now has support above $40K as data shows Bitcoin 'redistribution event'

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BTC price now has support above $40K as data shows Bitcoin 'redistribution event'
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Support levels to watch for Bitcoin are getting higher, now above $40,000.

) is"looking pretty good" as the week progresses as bulls line up challenges for several significant resistance levels.

For Filbfilb, the prognosis is just as rosy after BTC/USD passed both the 50-day moving average and a"massive" weekly level, both of which could now function as support. In a bleaker scenario, the point of interest for bulls to hold is $40,770, this ideally forming the minimum close into the weekend on 3-day timeframes.

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