On April 26, BTC/USD was faced with selling pressure at the $40,800 high as BTC revisits the $37.5K low.
However, if Bitcoin retraces and rebounds above these price levels, the crypto will rally above the $40,000 psychological price level.
Vote with your money, and buy Bitcoin.” Lukhangele Brabo, a 17-year-old South African who is a Bitcoin supporter and advocate, explained why Freedom Day is so important to him.” Brabo used to work at Surfer Kids in Diaz Beach, South Africa, where he used to receive a salary through fiat.
“Now, what happened is l stopped getting paid in fiat and l started receiving my weekly salaries in Bitcoin that became very interesting because l realized that OK, Bitcoin is safer than fiat because no one can take it away from me.
The retracement indicates that BTC will fall but reverse at level 1.272 Fibonacci extension or $37,055.50 price level.