Bitcoin price holds firmly to the demand zone above $40,000 and is reinforced by the 100-day SMA. The IOMAP on-chain model highlights immense resistance and support levels, hinting at BTC’s consolidation lasting longer. The flagship cryptocurrency appears to be in stasis between a rock and a hard place. On the downside, $40,000 has grown to The post Bitcoin Price Analysis: BTC Stable Above $40,000 As Consolidation Takes Precedence appeared first on Coingape.