{"id":219042,"date":"2023-12-26T18:09:04","date_gmt":"2023-12-26T12:39:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/bitcoin-price-risks-falling-to-40000-if-it-breaks-below-this-level-crypto-news\/"},"modified":"2023-12-26T18:09:07","modified_gmt":"2023-12-26T12:39:07","slug":"bitcoin-price-risks-falling-to-40000-if-it-breaks-below-this-level-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-price-risks-falling-to-40000-if-it-breaks-below-this-level-crypto-news\/","title":{"rendered":"Bitcoin Price Risks Falling To $40,000 If It Breaks Below This Level &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Bitcoin price fell today after traders liquidated their longs due to sky-high funding rates, suddenly changing the positive sentiment to negative. A popular analyst predicted that BTC price can still slip to $40,700 if it breaks below the key support level.<\/p>\n<h2>Bitcoin Price At Key Inflection Point<\/h2>\n<p>Popular analyst <strong>Ali Martinez<\/strong> in a post on December 26 warned that Bitcoin is consolidating in a parallel channel since it rallied above $40,000 mark in November. This puts all focus on the $42,400 support level, a key inflection point for determining further price direction.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>He predicts a sustained drop below $42,400 could take BTC price to $40,700. On the other side, a rebound from the support level can help renewed upside momentum toward $44,400.<\/p>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/pbs.twimg.com\/media\/GCRGTQLXUAAk2Zi?format=jpg&#038;name=4096x4096\" alt=\"Image\" width=\"760\" height=\"495\"\/><\/noscript> CoinGape <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-market-selloff-why-bitcoin-eth-sol-xrp-and-other-crypto-fell-suddenly\/\">reported<\/a> that funding rates going crazy today. The crypto market saw $40 million longs liquidated within just an hour. In the past 24 hours, 70,611 traders were liquidated and the total liquidations is at $170 million, with longs accounting for $105 million.<\/p>\n<p><strong>Skew<\/strong>, a popular trader, revealed that \u201cclips of around 150-200 BTCs have been cleanly sold into price\u201d on Binance Spot. He suggests keeping an eye on $42.7k. If BTC and ETH can hold their lows, will be looking at strong altcoins for some quick scalp trades.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" title=\"Billionaire Mark Cuban Offloads Polygon (MATIC) Holdings To Coinbase, Price Fell 5%\" href=\"https:\/\/coingape.com\/billionaire-mark-cuban-offloads-polygon-matic-holdings-to-coinbase-price-fell-5\/\">Billionaire Mark Cuban Offloads Polygon (MATIC) Holdings To Coinbase, Price Fell 5%<\/a><\/strong><\/p>\n<h2>BTC Under Pressure<\/h2>\n<p>Traders expect a Santa Claus rally this week, but there is also a key event of yearly options delivery. Along with this sentiment, a potential approval of spot Bitcoin ETF by the US SEC is also on the card. Meanwhile, spot Bitcoin ETF issuers must submit filings with said changes before the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-sec-announces-dec-29-deadline-for-spot-bitcoin-etf-applications\/\">Dec 29 deadline<\/a>.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\">BTC price<\/a> fell from a 24-hour high of $43,765, with the price currently trading at $42,623. Moreover, trading volume has increased by 38% in the past 24 hours, indicating interest among traders. It happens as BTC OI-weighted funding rate jumps significantly higher.<\/p>\n<p><strong>Also Read: <\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-evangelist-fred-krueger-calls-solana-innovations-pure-science-fiction\">Bitcoin Evangelist Fred Krueger Calls Solana Innovations \u2018Pure Science Fiction\u2019<\/a><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/bitcoin-price-risks-falling-to-40000-if-it-breaks-below-this-level\/\" style=\"display: block\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a rel=\"nofollow noopener\" target=\"_blank\" class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/bitcoin-price-risks-falling-to-40000-if-it-breaks-below-this-level\/\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20834%20833'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA171162\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD171162\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/shiba-inu-vs-dogecoin-2024-showdown\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Meme_coins-800x452\" decoding=\"async\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Meme_coins-800x452\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-Meme_coins-800x452-1-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Shiba Inu vs. Dogecoin 2024 Showdown <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/crypto-industrys-political-donations-surge-ahead-of-2024-elections\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Crypto coins\" decoding=\"async\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Crypto coins\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-coins_1120264739-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Crypto Industry\u2019s Political Donations Surge Ahead of 2024 Elections <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/2023s-hot-picks-trending-gambling-crypto-tokens\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Bitcoin with colorful gambling chips for crypto casino illustrat\" decoding=\"async\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos-150x200.jpg 150w\" data-lazy-sizes=\"(max-width: 640px) 100vw, 640px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Bitcoin with colorful gambling chips for crypto casino illustrat\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/12\/cropped-crypto-casinos-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">2023\u2019s Hot Picks: Trending Gambling Crypto Tokens <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin price fell today after traders liquidated their longs due to sky-high funding rates, suddenly changing the positive sentiment to negative. A popular analyst predicted that BTC price can still slip to $40,700 if it breaks below the key support level. Bitcoin Price At Key Inflection Point Popular analyst Ali Martinez in a post on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":161968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-219042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=219042"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219042\/revisions"}],"predecessor-version":[{"id":219043,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/219042\/revisions\/219043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/161968"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=219042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=219042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=219042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}