{"id":254160,"date":"2024-02-26T10:36:48","date_gmt":"2024-02-26T05:06:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/key-bitcoin-btc-price-range-to-watch-40k-correction-not-ruled-out-crypto-news\/"},"modified":"2024-02-26T10:36:51","modified_gmt":"2024-02-26T05:06:51","slug":"key-bitcoin-btc-price-range-to-watch-40k-correction-not-ruled-out-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/key-bitcoin-btc-price-range-to-watch-40k-correction-not-ruled-out-crypto-news\/","title":{"rendered":"Key Bitcoin (BTC) Price Range to Watch, $40K Correction Not Ruled Out &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The world\u2019s largest cryptocurrency Bitcoin (BTC) has continued to show sideways movement as the price consolidates around $51,000. BTC registered its first negative weekly closing in around four weeks as the Bitcoin price started a rally towards $52,000 in late January. At press time, BTC is trading 0.14% down at a price of $51,500 with a market cap of $1,011 billion.<\/p>\n<h3>Key Bitcoin (BTC) Price Range to Watch<\/h3>\n<p>While everyone is eagerly awaiting a rally in March ahead of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/jpmorgan-predicts-bitcoin-halving-already-priced-in-is-a-major-correction-ahead\/\">Bitcoin halving event<\/a>, JPMorgan believes that the rally is already priced in.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Popular crypto analyst Ali Martinez reports that the Bitcoin price is trading between two significant supply zones that could determine its short-term trajectory. The first supply zone, serving as a critical support level, ranges from $50,000 to $51,570, where approximately 1.3 million addresses hold a total of 670,220 BTC.<\/p>\n<p>Conversely, the second zone, acting as a formidable resistance barrier, spans from $51,640 to $53,200, with 752,600 addresses collectively holding 351,600 BTC. However, citing data from Coinglass, Martinez also noted that \u201c<span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\">$76.38 million will be liquidated across the board if Bitcoin price<\/span><span class=\"css-1qaijid r-bcqeeo r-qvutc0 r-poiln3\"> jumps to $52,250!\u201d<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>Analysts suggest that a decisive break above the resistance zone could pave the way for a bullish upswing toward $57,130. Conversely, failure to hold above the support zone may signal a corrective movement towards $47,700.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure id=\"attachment_182511\" aria-describedby=\"caption-attachment-182511\" style=\"width: 2348px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182511\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand.jpeg\" alt=\"\" width=\"2348\" height=\"864\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand.jpeg 2348w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand-300x110.jpeg 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand-1224x450.jpeg 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand-768x283.jpeg 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand-1536x565.jpeg 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand-2048x754.jpeg 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-supply-demand-150x55.jpeg 150w\" sizes=\"auto, (max-width: 2348px) 100vw, 2348px\"\/><\/noscript><figcaption id=\"caption-attachment-182511\" class=\"wp-caption-text\">Courtesy: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1761790752512757947\">Ali Martinez<\/a><\/figcaption><\/figure>\n<h3>BTC Price Drop to $40,000 Not Ruled Out<\/h3>\n<p>Some market analysts have also asked investors to be cautious at this stage noting that Bitcoin price upside looks limited from here onwards. Crypto analyst Michael van de Poppe expressed uncertainty regarding the possibility of an imminent correction in Bitcoin\u2019s price.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>He anticipates that the current rally could reach its peak within the $54,000 to $58,000 range. Following this peak, he predicts a significant correction to the $40,000 to $42,000 range, likely occurring after the halving event.<\/p>\n<figure id=\"attachment_182512\" aria-describedby=\"caption-attachment-182512\" style=\"width: 2274px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182512\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"\" width=\"2274\" height=\"1186\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1.png 2274w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-300x156.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-1224x638.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-768x401.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-1536x801.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-2048x1068.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-150x78.png 150w\" data-lazy-sizes=\"(max-width: 2274px) 100vw, 2274px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-182512\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1.png\" alt=\"\" width=\"2274\" height=\"1186\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1.png 2274w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-300x156.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-1224x638.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-768x401.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-1536x801.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-2048x1068.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/Bitcoin-price-chart-1-150x78.png 150w\" sizes=\"auto, (max-width: 2274px) 100vw, 2274px\"\/><\/noscript><figcaption id=\"caption-attachment-182512\" class=\"wp-caption-text\">Courtesy: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1761844513927250297\">Michael van de Poppe<\/a><\/figcaption><\/figure>\n<p>Furthermore, many market analysts are expecting a major correction on Wall Street this year. Last week, Bitcoin maximalist Max Keiser stated that a 1987-like correction is likely on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/bitcoin-maxi-expects-btc-price-at-500k-with-a-1987-like-us-stock-market-crash\/\">Wall Street<\/a>. Historically, Bitcoin price and the crypto market have crashed every time there\u2019s been a major correction on Wall Street. However, Max Keiser believes that Bitcoin will prove to be a risk-off asset this time.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">This is a common misperception; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is a risk-off asset and the greatest safe haven asset available. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dqltY7eGzq\">https:\/\/t.co\/dqltY7eGzq<\/a><\/p>\n<p>\u2014 Max Keiser (@maxkeiser) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/maxkeiser\/status\/1761820315783426326?ref_src=twsrc%5Etfw\">February 25, 2024<\/a><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/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\/key-bitcoin-btc-price-range-to-watch-40k-correction-not-ruled-out\/\" 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\/key-bitcoin-btc-price-range-to-watch-40k-correction-not-ruled-out\/\"><br \/>\n  <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\"\/><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=\"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\" ><\/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=\"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\" ><\/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=\"TabA182509\">\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>Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.                         <\/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\/6d622b7613c3c79c72d94a2e7cffa3b2?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\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/6d622b7613c3c79c72d94a2e7cffa3b2?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=\"TabD182509\">\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\/3-must-have-cryptos-for-every-portfolio\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"3 Must-Have Cryptos for Every Portfolio\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-potential-new-coins-coming-to-coinbase-in-2024-upcoming-coinbase-listings-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">3 Must-Have Cryptos for Every Portfolio <\/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\/free-gemini-advanced-access-upgrade-your-google-one-now\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Free Gemini Advanced Access: Upgrade Your Google One Now!\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-google-gemini-ai-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Free Gemini Advanced Access: Upgrade Your Google One Now! <\/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\/can-dogecoin-really-reach-10\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Can Dogecoin Really Reach $10?\" decoding=\"async\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780.jpg 640w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780-225x300.jpg 225w, https:\/\/coingape.com\/wp-content\/uploads\/2024\/02\/cropped-image-2024-02-24T165251.780-150x200.jpg 150w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n\n\n                \n\n<div class=\"Educontent\">Can Dogecoin Really Reach $10? <\/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>The world\u2019s largest cryptocurrency Bitcoin (BTC) has continued to show sideways movement as the price consolidates around $51,000. BTC registered its first negative weekly closing in around four weeks as the Bitcoin price started a rally towards $52,000 in late January. At press time, BTC is trading 0.14% down at a price of $51,500 with [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":246022,"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-254160","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\/254160","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=254160"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254160\/revisions"}],"predecessor-version":[{"id":254161,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/254160\/revisions\/254161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/246022"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=254160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=254160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=254160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}