“Bitcoin price action has continued to oscillate between a wider range of €38 to €47, which has so far remained intact since the start of the year,” said Tammy Da Costa, an analyst at DailyFX, “due to the strong Recent correlation between bitcoin and tech stocks, there was some concern about the cryptocurrency reaction, however, bulls held above near-term support at the €000 level, which now puts the €psych level in play 40,000.