Analysts say Bitcoin has ‘already capitulated,’ target $41.3K as the most hold level

2022.04.21 02:16

Analysts say Bitcoin has ‘already capitulated,’ target $41.3K as the most hold level

Traders’ struggle to build sustainable bullish momentum persisted across the cryptocurrency market on April 20 after prices slid lower during the afternoon trading session and ApeCoin (APE) appaers to be one of the few tokens that is defying the current market-wide downturn.

Data from Cointelegraph Markets Pro and TradingView shows that an early morning attempt by Bitcoin (BTC) bulls to breakout above $42,000 was soundly rejected by bears, resulting in a pullback to a daily low of $40,825 before the price was bid back above $41,000.

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