Bitcoin is in more turmoil after losing ground above $45,000 and extending the losses below last week’s formidable support at $42,000. The pioneer cryptocurrency downtrend seems unstoppable from a short-term technical analysis perspective. Therefore, the ‘saving grace’ could be the 200 Simple Moving Average (SMA) on the four-hour chart. Bitcoin barely holds onto $40,000 Following The post Bitcoin Price Analysis: Bloodshed BTC tumbles to $40,000, where to next? appeared first on Coingape.