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<ul class="news-points"> 
 <li>Bitcoin bounces back, surging 2.19% to $40K, defying recent bearish sentiment.</li> 
 <li>Analysts warn of BTC’s critical $38K threshold and the potential for a deeper correction to $33K.</li> 
 <li>Fear &amp; Greed Index hit a 100-day low, signaling a cautious market sentiment shift.</li> 
</ul> 
<a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC)</a> is currently at a critical juncture, with analysts closely monitoring its price movements. as a potential close below $38,000 on the weekly chart could signify a downturn, targeting a solid support cluster of around $33,000. This development emerges amidst a backdrop of macroeconomic factors and market sentiment, painting a complex picture of the future of this cryptocurrency.&nbsp; 
In the last 24 hours, however, bearish momentum was halted after support at $38,610 was established. At press time, BTC had reclaimed the $40K level, exchanging hands at $40,019.26, a 2.19% surge from the intra-day low. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/W4TqCq-AwwK4SLUFNZBWDR9CqQm7MMPGLex1AzHFgTRs38TvPeOJuffQ35ge1jCkoblIPeyy6OEFCJubpaG4ttCesym58UM7lSnorTQ_RlOU_aO8yI5-5iNevAL-ab1L3QELLY5H64IcWMq7" alt="">
 <figcaption class="wp-element-caption">
 BTC/USD 24-hour price chart (source: <a href="https://coinstats.app/coins/bitcoin/" target="_blank" rel="nofollow">CoinStats</a>)
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="h-bitcoin-s-critical-threshold-38-000">Bitcoin’s Critical Threshold: $38,000</h2> 
The significance of the $38,000 level for Bitcoin cannot be overstated. Crypto analyst Ali Martinez has pinpointed this threshold as pivotal. Should <a href="https://coinedition.com/bitcoin-btc-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin’s price</a> close below this on the weekly chart, i…
The post <a href="https://coinedition.com/bitcoin-reclaims-40k-can-it-maintain-the-upside-momentum/">Bitcoin Reclaims $40K: Can It Maintain the Upside Momentum?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Reclaims $40K: Can It Maintain the Upside Momentum?

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