Bitcoin Price Falls Below US$ 40,000, Can It Fall Again?

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Bitcoin Price Falls Below US$ 40,000, Can It Fall Again?


The price of Bitcoin and other cryptocurrencies fell on Monday (18/4). Bitcoin price fell below US $ 40,000 and touched the level of US $ 38,000.

Referring to CoinMarketCap data on Monday (18/4) at 12:50 WIB, Bitcoin price was at US$ 38,929.28, down 3.47% in the last 24 hours.


Ethereum price fell below $3,000 to $2,919.17, down 3.94%. Meanwhile, Solana's price was thrown out of the US$ 100 zone to US$ 96.99, down 4.91%.

Cardano prices fell deeper, 6.32% to $ 0.8869. Likewise, Terra fell 6.46% to US$ 76.46, Dogecoin fell 6.13% to US$ 0.1352, and Shiba Inu fell 6.76% to US$ 0.00002403.

Joe DiPasquale, CEO of BitBull, is pessimistic about Bitcoin's move this week, noting that support could form well below $40,000.

“Very bullish things are still not in sight for Bitcoin, and Bitcoin continues to seek a reaction around $37,000,” he told CoinDesk.


"For any upward move, Bitcoin would need to consolidate around $42,000 this week, a scenario that would be impossible without news or major catalysts," he said.

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