{"id":9117,"date":"2022-03-08T22:22:08","date_gmt":"2022-03-08T22:22:08","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoins-sub-40k-range-trading-and-mixed-data-reflect-traders-uncertainty\/"},"modified":"2022-03-08T22:22:10","modified_gmt":"2022-03-08T22:22:10","slug":"bitcoins-sub-40k-range-trading-and-mixed-data-reflect-traders-uncertainty","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoins-sub-40k-range-trading-and-mixed-data-reflect-traders-uncertainty\/","title":{"rendered":"Bitcoin\u2019s sub-$40K range trading and mixed data reflect traders\u2019 uncertainty"},"content":{"rendered":"
The phrase \u201chindsight is 20\/20\u201d is a perfect expression for financial markets because every price chart pattern and analysis is obvious after the movement has occurred.<\/p>\n
For example, traders playing the Feb. 28 pump that took Bitcoin (BTC) above $43,000 should have known that the price would face some resistance. Considering that the market had previously rejected at $44,500 on multiple instances, calling for a retest below $40,000 made perfect sense, right?<\/p>\n