(BTC) returned to the $40,000 level for the first time in two weeks on Feb 4, as Wall Street volatility turned out to be a boon for BTC bulls.
1-hour candlestick chart of the pair (Bitstamp). Source: TradingViewBTC Short Selloff Setup Data from Cointelegraph Markets Pro and TradingView showed the BTC/USD pair suddenly jumped past $40,000 on Friday, just two hours after Wall Street opened for gains fast.
At the time of writing, the pair rose $3,000 in two hours, an unexpectedly strong performance, which naturally caused significant pain for short sellers.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.