FX.co ★ Trading tips for Bitcoin

Bitcoin dropped to $40,000.

This gives an opportunity for buyers to take new long positions in the market.

As seen in the chart, the most ideal move is to take a buy position at the current prices, in anticipation of a false breakdown of $40,000. After that, take another position on the breakdown of $30,000. The average purchase price will be $35,000, which is almost half of BTC's all-time high.

Good luck and have a nice day!