As Bitcoin (CRYPTO: BTC) retreated below the $42,000 range Tuesday evening, four analysts and expert traders shared their thoughts on the largest cryptocurrency by market capitalization.

What Happened: Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe told his over 561,000 followers on Twitter that Bitcoin is still looking for support, while the higher timeframe levels are sustaining.

He believes that while the area around the $41,300 level is important for Bitcoin, the cryptocurrency will likely see some retests on the lower regions before rebounding.

The area at $41.3K is an important area for #Bitcoin, although I’m assuming we’ll see some retests taking place on the lower regions (most likely scenario before reversing). pic.twitter.com/coTJ1Flh37

— Michaël van de Poppe (@CryptoMichNL) January 18, 2022

Cryptocurrency analyst Benjamin Cowen noted on his YouTube channel that Bitcoin has been in a systematic, local downtrend in the last two months.

He believes investors

The behavior of retail traders is becoming a key focus of Wall Street fund managers, as the smart money is now tracking social-media posts to determine the sentiment of the crowd.

• The Wall Street Journal reports that 85% of hedge funds and 42% of asset managers are now monitoring retail-trading message boards, according to a survey by Bloomberg Intelligence.
• JPMorgan Chase & Co (NYSE: JPM) introduced a new data product in September 2021 that indicates which securities individual investors are likely to buy and sell.
• About 50 clients, including some of the largest asset and quant managers, are testing the product, which includes data on which sectors and stocks are being talked about on social media.
• JMP Securities estimates that 15 million Americans signed up for brokerage accounts in 2021. Their power was witnessed when retail traders on r/WallStreetBets subreddit banded together to spike the price of stocks like GameStop

Apple Inc (NASDAQ:AAPL) is reportedly delaying the launch of its mixed reality headset until the end of 2022 or later. The delay has to do with development challenges related to overheating, cameras and software.

Delay Makes Sense: Apple’s decision to delay the product makes sense, given the AR/VR headset is a complex product with complex development cycles, supply chain and development technology, Loup Funds analyst Andrew Murphy said in a discussion on Loup TV.

A potential launch of the product around Apple’s Worldwide Developers Conference 2023 would work well for Apple, say Loup Funds analysts. This will help the developer community get behind the product and make it ready from a software perspective as well as apps and features, Loup Funds’ Managing Partner Gene Munster said.

Related Link: 7 Tech Predictions For 2022: Apple-Facebook Face-Off In Metaverse, Tesla Reigns Supreme, Quantum Takes A Big Leap, And More

The firm’s analyst

Dogecoin (CRYPTO: DOGE) is trading higher Friday in a crypto market that is seeing a green day. Dogecoin has crossed back above the 50-day moving average, showing the coin has seen some bullish sentiment in the past few days as bulls have been able to push the price higher.

Dogecoin was up 12.03% at $0.1898 Friday afternoon at publication.

See Related: Dogecoin Cracks Below A Key Support Level And The Chart Is Doing A Downward Dog

Dogecoin Daily Chart Analysis

• Dogecoin is having a green day and looks to have possibly started an uptrend. If the crypto can continue to form higher lows, it may be able to climb toward resistance. Resistance has been formed near the $0.35 level while the crypto was just able to bounce off support at the $0.15 level.
• The crypto crossed above the 50-day moving average (green) but trades below the 200-day moving average (blue).