{"id":10029,"date":"2024-01-23T09:32:06","date_gmt":"2024-01-23T07:32:06","guid":{"rendered":"https:\/\/forklog.com\/en\/bitcoin-tests-40000-support-level\/"},"modified":"2024-01-23T09:32:06","modified_gmt":"2024-01-23T07:32:06","slug":"bitcoin-tests-40000-support-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-tests-40000-support-level\/","title":{"rendered":"Bitcoin Tests $40,000 Support Level"},"content":{"rendered":"<p>The price of the leading cryptocurrency continued its correction, falling to early December levels.<\/p>\n<p><!--more--><\/p>\n<p>At one point, the rate dropped to $39,431. At the time of writing, digital gold is trading around $40,017.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"539\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-BTCUSD-5-1024x539.png\" alt=\"1-BTCUSD-5\" class=\"wp-image-224425\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-BTCUSD-5-1024x539.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1-BTCUSD-5-300x158.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1-BTCUSD-5-768x405.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1-BTCUSD-5.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Four-hour BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/o5cmTtVz\">TradingView<\/a>.<\/figcaption><\/figure>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">January 23, 2024 | 11:46<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Bitcoin dipped slightly below $39,000. Prices are &#8220;trying&#8221; to hold above this level. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"539\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-BTCUSD-1024x539.png\" alt=\"2-BTCUSD\" class=\"wp-image-224453\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-BTCUSD-1024x539.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-BTCUSD-300x158.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-BTCUSD-768x405.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-BTCUSD.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/vkYNPR5W\" title=\"TradingView\">TradingView<\/a>. <\/figcaption><\/figure>\n<\/div>\n<p>The downward movement in Bitcoin&#8217;s price was accompanied by numerous liquidations of long positions.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklog\/35364\" data-width=\"100%\"><\/script><\/p>\n<p>Among the top 10 crypto assets by market capitalization, Solana experienced the steepest decline, dropping 5.4% over the past day.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"595\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-CoinGecko-1-1024x595.png\" alt=\"2-CoinGecko-1\" class=\"wp-image-224426\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-CoinGecko-1-1024x595.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-CoinGecko-1-300x174.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-CoinGecko-1-768x446.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-CoinGecko-1.png 1242w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>Since the <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approval of 11 spot Bitcoin ETF applications<\/a> in the US, Bitcoin&#8217;s price has decreased by approximately 13%, from around $46,000 to current levels.\u00a0<\/p>\n<p>Previously, former BitMEX CEO Arthur Hayes predicted a drop in the leading cryptocurrency&#8217;s price below $40,000, citing deteriorating liquidity in the financial system as his rationale.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of the leading cryptocurrency continued its correction, falling to early December levels.<\/p>\n","protected":false},"author":1,"featured_media":10028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-10029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=10029"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/10029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/10028"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=10029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=10029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=10029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}