The price of Bitcoin showed some bullishness for a short span of time which probably tricked many traders to open longs and then the price went back to $40,000 in the trading hours of the evening.
As per Rekt Capital, the EMAs breaks have gone upside down to a great extent and as soon as the Market EMAs will be used for support, the previous Market Bull Momentum will be back.
This fact that be proven by studying the price action for this crypto along with the Nasdaq of the earlier months.
In case the correlation with the suspected technology stocks stays high, the series the rate of interest that was planned will increase by the will of the Federal Reserves of the U.S.