COINOTAG recommends • Exchange signup |
💹 Trade with pro tools |
Fast execution, robust charts, clean risk controls. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🚀 Smooth orders, clear control |
Advanced order types and market depth in one view. |
👉 Create account → |
COINOTAG recommends • Exchange signup |
📈 Clarity in volatile markets |
Plan entries & exits, manage positions with discipline. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
⚡ Speed, depth, reliability |
Execute confidently when timing matters. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🧭 A focused workflow for traders |
Alerts, watchlists, and a repeatable process. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
✅ Data‑driven decisions |
Focus on process—not noise. |
👉 Sign up → |
- Bitcoin (BTC) has recently shown signs of weakness as it dropped below $40,000, falling by 7%.
- In a recent analysis by a well-known analyst, a critical level that Bitcoin needs to watch for its price path is emphasized.
- Grayscale continues to sell its Bitcoins due to strong selling pressure on GBTC shares after ETF approval.
Bitcoin price started this week with selling pressure: Can BTC, trading below $40,000, experience further decline?
$38,000 Is Crucial for Bitcoin Price

Bitcoin (BTC) has recently shown signs of weakness as it dropped by 7% to fall below $40,000. As of the time of writing, Bitcoin is trading at $40,080, with a market capitalization of $782 billion.
In a recent analysis by a well-known analyst, a critical level that Bitcoin needs to watch for its price path is emphasized. According to the analyst, a weekly close below $38,000 on the chart could be an indication of a potential decline for Bitcoin ($BTC), with the next target possibly around a strong support cluster at $33,000.
COINOTAG recommends • Professional traders group |
💎 Join a professional trading community |
Work with senior traders, research‑backed setups, and risk‑first frameworks. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
📊 Transparent performance, real process |
Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
👉 Get access → |
COINOTAG recommends • Professional traders group |
🧭 Research → Plan → Execute |
Daily levels, watchlists, and post‑trade reviews to build consistency. |
👉 Join now → |
COINOTAG recommends • Professional traders group |
🛡️ Risk comes first |
Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
👉 Start today → |
COINOTAG recommends • Professional traders group |
🧠 Learn the “why” behind each trade |
Live breakdowns, playbooks, and framework‑first education. |
👉 Join the group → |
COINOTAG recommends • Professional traders group |
🚀 Insider • APEX • INNER CIRCLE |
Choose the depth you need—tools, coaching, and member rooms. |
👉 Explore tiers → |
This critical support area combines several key technical elements, including the lower boundary of a parallel channel, the 0.5 Fibonacci retracement level, and the 50-week simple moving average. The combination of these factors forms a strong defensive line that could potentially prevent further decline in Bitcoin’s price, representing an important level for market participants to closely monitor.
Additionally, the analyst delves into historical trends observed in the last two Bitcoin (BTC) bull cycles. The analyst notes that in these previous cycles, Bitcoin often retraced to the 50% Fibonacci level after reaching the 78.6% Fibonacci level.
COINOTAG recommends • Exchange signup |
📈 Clear interface, precise orders |
Sharp entries & exits with actionable alerts. |
👉 Create free account → |
COINOTAG recommends • Exchange signup |
🧠 Smarter tools. Better decisions. |
Depth analytics and risk features in one view. |
👉 Sign up → |
COINOTAG recommends • Exchange signup |
🎯 Take control of entries & exits |
Set alerts, define stops, execute consistently. |
👉 Open account → |
COINOTAG recommends • Exchange signup |
🛠️ From idea to execution |
Turn setups into plans with practical order types. |
👉 Join now → |
COINOTAG recommends • Exchange signup |
📋 Trade your plan |
Watchlists and routing that support focus. |
👉 Get started → |
COINOTAG recommends • Exchange signup |
📊 Precision without the noise |
Data‑first workflows for active traders. |
👉 Sign up → |
Drawing parallels with these historical patterns, the analyst observes that Bitcoin’s price has recently touched the 78.6% Fibonacci level again, indicating a potential correction. If the historical pattern continues, the analyst suggests that Bitcoin’s price could drop to $32,700, aligning with the 50% Fibonacci retracement level.
Grayscale Moving Significant Amounts of Bitcoin
Grayscale continues to sell its Bitcoins due to strong selling pressure on GBTC shares after ETF approval. In a significant move reported by Arkham, Grayscale executed a large transfer, moving approximately 17,140 Bitcoins worth around $660 million. The transaction took place at 22:17 UTC+8 and funds were moved to Coinbase Prime Deposit.
COINOTAG recommends • Traders club |
⚡ Futures with discipline |
Defined R:R, pre‑set invalidation, execution checklists. |
👉 Join the club → |
COINOTAG recommends • Traders club |
🎯 Spot strategies that compound |
Momentum & accumulation frameworks managed with clear risk. |
👉 Get access → |
COINOTAG recommends • Traders club |
🏛️ APEX tier for serious traders |
Deep dives, analyst Q&A, and accountability sprints. |
👉 Explore APEX → |
COINOTAG recommends • Traders club |
📈 Real‑time market structure |
Key levels, liquidity zones, and actionable context. |
👉 Join now → |
COINOTAG recommends • Traders club |
🔔 Smart alerts, not noise |
Context‑rich notifications tied to plans and risk—never hype. |
👉 Get access → |
COINOTAG recommends • Traders club |
🤝 Peer review & coaching |
Hands‑on feedback that sharpens execution and risk control. |
👉 Join the club → |
With Grayscale increasing its marketing efforts across various media channels, including television and banners, the competition among spot Bitcoin ETF issuers has intensified. As part of an extensive marketing campaign, Grayscale strategically placed banners promoting its Bitcoin ETF, especially in prominent locations such as “30th St Station” in Philly.
COINOTAG recommends • Members‑only research |
📌 Curated setups, clearly explained |
Entry, invalidation, targets, and R:R defined before execution. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧠 Data‑led decision making |
Technical + flow + context synthesized into actionable plans. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
🧱 Consistency over hype |
Repeatable rules, realistic expectations, and a calmer mindset. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🕒 Patience is an edge |
Wait for confirmation and manage risk with checklists. |
👉 Join now → |
COINOTAG recommends • Members‑only research |
💼 Professional mentorship |
Guidance from seasoned traders and structured feedback loops. |
👉 Get access → |
COINOTAG recommends • Members‑only research |
🧮 Track • Review • Improve |
Documented PnL tracking and post‑mortems to accelerate learning. |
👉 Join now → |