LUNA purchase helps Bitcoin recovery
Bitcoin regains as LUNA Foundation Guard adds another $100 million BTC to its wallet.
Key Highlights
BTC has risen above $40,000 after LUNA Foundation Guard bought over $100 million Bitcoin. The rise in US tech stocks is also supportive of BTC at lower levels.
On the daily chart, the pair is trading below Tenken-Sen ($43,209), Kijun-sen ($43,726), and Ichimoku Kumo cloud ($39,953). BTC/USD hit an intraday low of $41,504 and is currently trading around $41,208.
Major support is seen at $39,000, any breach below this level confirms further weakness. A dip to $37,000 / $34,000 is possible.
Source: Newsweek
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