The crypto recipe for disaster keeps Bitcoin and ether under pressure

“A period of relative calm will knock out more and more buyers, but Bitcoin looks like a dead cat bouncing, especially when you look at the poorer performance of other alt-coin rallies,” said Jeffrey Halley, senior market analyst at Oanda Asia Pacific Pte. “If Bitcoin closes below $ 40,000 tonight, we’ll see another leg lower and probably re-test at $ 30,000.”