• bitcoinBitcoin (BTC) $ 30,169.00
  • ethereumEthereum (ETH) $ 2,063.02
  • tetherTether (USDT) $ 1.00
  • usd-coinUSD Coin (USDC) $ 1.00
  • binance-coinBNB (BNB) $ 303.50
  • xrpXRP (XRP) $ 0.427592
  • cardanoCardano (ADA) $ 0.575688
  • solanaSolana (SOL) $ 55.23
  • binance-usdBinance USD (BUSD) $ 1.00
  • polkadotPolkadot (DOT) $ 10.81
  • dogecoinDogecoin (DOGE) $ 0.089456
  • avalanche-2Avalanche (AVAX) $ 33.61
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 30,122.00
  • staked-etherLido Staked Ether (STETH) $ 2,030.25
  • tronTRON (TRX) $ 0.070431
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • daiDai (DAI) $ 1.00
  • litecoinLitecoin (LTC) $ 71.44
  • crypto-com-chainCronos (CRO) $ 0.196112
  • matic-networkPolygon (MATIC) $ 0.700310
  • leo-tokenLEO Token (LEO) $ 4.91
  • nearNEAR Protocol (NEAR) $ 6.68
  • ftx-tokenFTX Token (FTT) $ 31.91
  • bitcoin-cashBitcoin Cash (BCH) $ 203.93
  • chainlinkChainlink (LINK) $ 7.61
  • stellarStellar (XLM) $ 0.137958
  • algorandAlgorand (ALGO) $ 0.485205
  • cosmosCosmos Hub (ATOM) $ 11.30
  • okbOKB (OKB) $ 12.64
  • flowFlow (FLOW) $ 3.00
  • moneroMonero (XMR) $ 172.28
  • ethereum-classicEthereum Classic (ETC) $ 21.22
  • apecoinApeCoin (APE) $ 8.62
  • uniswapUniswap (UNI) $ 5.21
  • elrond-erd-2Elrond (EGLD) $ 100.36
  • hedera-hashgraphHedera (HBAR) $ 0.103937
  • vechainVeChain (VET) $ 0.031728
  • internet-computerInternet Computer (ICP) $ 8.36
  • theta-fuelTheta Fuel (TFUEL) $ 0.069568
  • magic-internet-moneyMagic Internet Money (MIM) $ 0.992602
  • decentralandDecentraland (MANA) $ 1.19
  • filecoinFilecoin (FIL) $ 8.58
  • axie-infinityAxie Infinity (AXS) $ 21.53
  • compound-ethercETH (CETH) $ 41.38
  • the-sandboxThe Sandbox (SAND) $ 1.35
  • tezosTezos (XTZ) $ 1.81
  • chain-2Chain (XCN) $ 0.094121
  • defichainDeFiChain (DFI) $ 3.08
  • fraxFrax (FRAX) $ 1.00
  • makerMaker (MKR) $ 1,581.77
  • kucoin-sharesKuCoin Token (KCS) $ 14.44
  • pancakeswap-tokenPancakeSwap (CAKE) $ 4.64
  • theta-tokenTheta Network (THETA) $ 1.36
  • eosEOS (EOS) $ 1.36
  • zcashZcash (ZEC) $ 104.03
  • the-graphThe Graph (GRT) $ 0.179560
  • terra-lunaTerra (LUNA) $ 0.000199
  • aaveAave (AAVE) $ 90.03
  • true-usdTrueUSD (TUSD) $ 1.00
  • klay-tokenKlaytn (KLAY) $ 0.422779
  • huobi-btcHuobi BTC (HBTC) $ 30,141.00
  • compound-usd-coincUSDC (CUSDC) $ 0.022640
  • huobi-tokenHuobi Token (HT) $ 7.01
  • iotaIOTA (MIOTA) $ 0.380854
  • bittorrentBitTorrent (BTT) $ 0.000001
  • bitcoin-svBitcoin SV (BSV) $ 54.51
  • thorchainTHORChain (RUNE) $ 3.34
  • terrausdTerraUSD (UST) $ 0.091714
  • quant-networkQuant (QNT) $ 74.26
  • stepnSTEPN (GMT) $ 1.58
  • paxos-standardPax Dollar (USDP) $ 1.00
  • ecasheCash (XEC) $ 0.000048
  • fantomFantom (FTM) $ 0.354141
  • heliumHelium (HNT) $ 8.79
  • radixRadix (XRD) $ 0.088075
  • neutrinoNeutrino USD (USDN) $ 0.965590
  • gatechain-tokenGateToken (GT) $ 5.56
  • cdaicDAI (CDAI) $ 0.022023
  • bitdaoBitDAO (BIT) $ 0.842278
  • arweaveArweave (AR) $ 15.60
  • kusamaKusama (KSM) $ 84.82
  • nexoNEXO (NEXO) $ 1.37
  • neoNEO (NEO) $ 10.78
  • zilliqaZilliqa (ZIL) $ 0.051460
  • convex-financeConvex Finance (CVX) $ 11.50
  • wavesWaves (WAVES) $ 6.78
  • enjincoinEnjin Coin (ENJ) $ 0.724852
  • amp-tokenAmp (AMP) $ 0.013980
  • galaGala (GALA) $ 0.087418
  • dashDash (DASH) $ 58.78
  • chilizChiliz (CHZ) $ 0.117064
  • celoCelo (CELO) $ 1.42
  • havvenSynthetix Network Token (SNX) $ 2.78
  • loopringLoopring (LRC) $ 0.487087
  • maiar-dexMaiar DEX (MEX) $ 0.000121
  • pax-goldPAX Gold (PAXG) $ 1,830.09
  • osmosisOsmosis (OSMO) $ 1.63
  • basic-attention-tokenBasic Attention Token (BAT) $ 0.403010
  • blockstackStacks (STX) $ 0.565308
  • gnosisGnosis (GNO) $ 227.84
  • harmonyHarmony (ONE) $ 0.048213
  • compound-usdtcUSDT (CUSDT) $ 0.021768
  • xdce-crowd-saleXDC Network (XDC) $ 0.045844
  • kadenaKadena (KDA) $ 3.03
  • nemNEM (XEM) $ 0.061282
  • mina-protocolMina Protocol (MINA) $ 1.08
  • fei-usdFei USD (FEI) $ 1.00
  • lido-daoLido DAO (LDO) $ 1.49
  • decredDecred (DCR) $ 37.81
  • curve-dao-tokenCurve DAO Token (CRV) $ 1.35
  • frax-shareFrax Share (FXS) $ 8.32
  • kavaKava (KAVA) $ 2.59
  • nxmNexus Mutual (NXM) $ 69.94
  • compound-governance-tokenCompound (COMP) $ 69.88
  • holotokenHolo (HOT) $ 0.002667
  • tether-goldTether Gold (XAUT) $ 1,860.36
  • tokenize-xchangeTokenize Xchange (TKX) $ 5.58
  • ecomiECOMI (OMI) $ 0.001629
  • qtumQtum (QTUM) $ 4.11
  • bancorBancor Network Token (BNT) $ 1.45
  • iostokenIOST (IOST) $ 0.017606
  • juno-networkJUNO (JUNO) $ 8.06
  • oec-tokenOKC Token (OKT) $ 24.34
  • 1inch1inch (1INCH) $ 0.934708
  • serumSerum (SRM) $ 1.24
  • flex-coinFLEX Coin (FLEX) $ 4.88
  • livepeerLivepeer (LPT) $ 15.04
  • moonbeamMoonbeam (GLMR) $ 1.37
  • evmosEvmos (EVMOS) $ 1.79
  • xido-financeXido Finance (XIDO) $ 12.71
  • celsius-degree-tokenCelsius Network (CEL) $ 0.850724
  • yearn-financeyearn.finance (YFI) $ 10,055.92
  • omisegoOMG Network (OMG) $ 2.50
  • msolMarinade staked SOL (MSOL) $ 57.67
  • liquity-usdLiquity USD (LUSD) $ 1.00
  • 0x0x (ZRX) $ 0.409852
  • bitcoin-goldBitcoin Gold (BTG) $ 19.57
  • rocket-poolRocket Pool (RPL) $ 20.87
  • secretSecret (SCRT) $ 1.95
  • linkLINK (LN) $ 54.42
  • husdHUSD (HUSD) $ 1.00
  • audiusAudius (AUDIO) $ 0.456789
  • olympusOlympus (OHM) $ 16.66
  • ankrAnkr (ANKR) $ 0.039162
  • bitkub-coinBitkub Coin (KUB) $ 3.59
  • ravencoinRavencoin (RVN) $ 0.030436
  • convex-crvConvex CRV (CVXCRV) $ 1.36
  • usddUSDD (USDD) $ 1.00
  • everdomeEverdome (DOME) $ 0.025633
  • justJUST (JST) $ 0.041999
  • skaleSKALE (SKL) $ 0.086619
  • swissborgSwissBorg (CHSB) $ 0.316044
  • iconICON (ICX) $ 0.385117
  • everscaleEverscale (EVER) $ 0.239893
  • iotexIoTeX (IOTX) $ 0.030869
  • oasis-networkOasis Network (ROSE) $ 0.082720
  • constellation-labsConstellation (DAG) $ 0.111232
  • titanswapTitanSwap (TITAN) $ 2.84
  • dogelon-marsDogelon Mars (ELON) $ 0.00000051
  • safemoonSafeMoon [OLD] (SAFEMOON) $ 0.00000011
  • ethereum-name-serviceEthereum Name Service (ENS) $ 11.02
  • siacoinSiacoin (SC) $ 0.005385
  • safemoon-2SafeMoon (SFM) $ 0.000469
  • mimaticMAI (MIMATIC) $ 0.997914
  • sushiSushi (SUSHI) $ 1.38
  • zencashHorizen (ZEN) $ 21.09
  • golemGolem (GLM) $ 0.260326
  • waxWAX (WAXP) $ 0.127804
  • synapse-2Synapse (SYN) $ 1.37
  • trust-wallet-tokenTrust Wallet Token (TWT) $ 0.718571
  • ontologyOntology (ONT) $ 0.279404
  • render-tokenRender Token (RNDR) $ 0.958902
  • plexPLEX (PLEX) $ 0.923785
  • songbirdSongbird (SGB) $ 0.029616
  • ethosVoyager Token (VGX) $ 0.810073
  • astarAstar (ASTR) $ 0.067474
  • pocket-networkPocket Network (POKT) $ 0.218291
  • swipeSXP (SXP) $ 0.473864
  • escoin-tokenEscoin Token (ELG) $ 3.26
  • smooth-love-potionSmooth Love Potion (SLP) $ 0.005618
  • umaUMA (UMA) $ 3.32
  • tether-eurtEuro Tether (EURT) $ 1.06
  • nucypherNuCypher (NU) $ 0.177320
  • tensetTenset (10SET) $ 2.41
  • playdappPlayDapp (PLA) $ 0.579512
  • woo-networkWOO Network (WOO) $ 0.199436
  • immutable-xImmutable X (IMX) $ 0.887908
  • apenftAPENFT (NFT) $ 0.00000075
  • polymathPolymath (POLY) $ 0.223531
  • rally-2Rally (RLY) $ 0.071925
  • illuviumIlluvium (ILV) $ 305.88
  • hiveHive (HIVE) $ 0.529432
  • velasVelas (VLX) $ 0.086722
  • gemini-dollarGemini Dollar (GUSD) $ 1.01
  • mxcMXC (MXC) $ 0.081219
  • casper-networkCasper Network (CSPR) $ 0.040727
  • digibyteDigiByte (DGB) $ 0.012661
  • kyber-network-crystalKyber Network Crystal (KNC) $ 1.89
  • acalaAcala (ACA) $ 0.469140
  • dydxdYdX (DYDX) $ 1.97

Bitcoin price analysis: BTC breaks $41,000, on its way to $40,000 next?

Bitcoin price analysis: BTC breaks $41,000, on its way to $40,000 next?

Bitcoin price analysis is bearish today as we have seen a test of upside quickly turn into a massive selloff. BTC/USD has already lost almost 7 percent, with more downside likely to follow soon.

Bitcoin price analysis: BTC breaks $41,000, on its way to $40,000 next?

Cryptocurrency heat map. Source: Coin360

The market has turned red over the last 24 hours as strong selling pressure was seen overnight. The leader, Bitcoin, quickly lost 4.95 percent, while Ethereum 8,11 percent. Most of the top altcoins performed even worse.

Bitcoin price movement in the last 24 hours: Bitcoin breaks past $42,000 previous low, looks to drop even further

BTC/USD traded in a range of $40,650.21 – $43,376.38, indicating strong volatility over the last 24 hours. Trading volume has spiked by 110.6 percent, totaling $28.56 billion, while the total market cap trades at $775.25 billion, resulting in market dominance of 41.51 percent.

BTC/USD 4-hour chart: BTC targets $40,000 next?

On the 4-hour chart, we can see selling pressure still strong for the Bitcoin price action, indicating that the $40,000 support will be reached soon.

Bitcoin price analysis: BTC breaks $41,000, on its way to $40,000 next?

BTC/USD 4-hour chart. Source: TradingView

Bitcoin price action has continued to retrace since the start of April. After several attempts to break higher at the beginning of the month, BTC/USD quickly dropped to $43,000 on the 7th of April.

More downside followed to $42,000 on the 8th of April. From there, some of the loss was briefly regained as BTC rallied back above $43,000. However, bears quickly regained control, leading to more downside tests overnight.

By midday, the Bitcoin price has already moved past $41,000 next support, meaning that the selling pressure is still strong. The next support at $40,000 should be reached by the end of the day, meaning a very deep retracement from the massive rally that was seen in March.

Bitcoin price analysis: Conclusion 

Bitcoin price analysis is bearish today as we have seen a strong decline since late yesterday. The $41,000 support got broken without much support, likely meaning that BTC/USD is headed to $40,000 next.

While waiting for Bitcoin to move further, see our articles on Web3 Startups, How to buy Terra, and How to stake Algorand.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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