The leading cryptocurrency by market value fell to $38,577 during the Asian hours, a level last seen on March 15, according to CoinDesk data. Per analytics firm IntoTheBlock, $40,000 was important support, as significant buying activity has happened around that level in the past. The latest decline means the cryptocurrency has lost over 17% since testing waters above $48,000 three weeks ago.
Source: https://www.coindesk.com/markets/2022/04/18/bitcoin-slips-below-support-level-to-385k-as-us-tax-return-deadline-approaches/?utm_medium=referral&utm_source=rss&utm_campaign=headlines