Cryptocurrencies Stabilize; Analysts Expect Bitcoin ( $76,079.00 ) Short Squeeze

“ Bitcoin ( $76,079.00 ) is currently fighting with the $40,000 resistance, and if it manages to break it, we might see a similar volume explosion as when it dropped below this level. Until then, trading activity might be muted as momentum traders often wait for specific price action before making directional bets,” Arcane Research wrote.