Bitcoin tries to break $40K for the second time in as many days
After six weeks pacing between $30,000 and $36,000, BTC’s price is now hovering around $40,000 resistance once again in two days. Bitcoin’s (BTC) volatility made headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom that started on July 15, this is the second time Bitcoin is trying to break $40,000 resistance in as many days.
Based on the data from Cointelegraph Markets Pro and TradingView, BTC witnessed a bull run for trading pair BTC/USD from 21 July that resulted in a spike of 34.13% in just seven days.
The crypto community attributes the rising BTC price directly to the increased involvement of traditional banks and entrepreneurs such as Elon Musk and Michael Saylor. This week, Amazon’s rumored involvement in crypto also pushed the price, although the tech giant later denied those rumors.
While the current price indicators suggest that Bitcoin may stick to its ongoing support of the $30,000–$40,000 mark, BTC is yet to see a positive change of $20,000 before it can reach its former glory of $60,000. What may seem like a good indication, the sudden push to exit an immediate resistance does not accompany the $30,000 corridor. By the time of writing, Bitcoin’s price is closing in on $39,500.
In a recent survey conducted by CNBC on a group of portfolio managers and equity strategists, 44% of the respondents felt that Bitcoin’s price would fall down below $30,000. The other 56% of investors showed a more bullish outlook, with 6% hoping to see Bitcoin reach $60,000, near its $65,000 all-time high.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 75.2% | 52 | $56 258.13 | -1.35% | -3.39% | $1 062 685 871 647 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.8% | 32 | $4 489.75 | -2.02% | 0.62% | $532 409 655 839 |  |
|
| 3 |  BNB |
Binance Coin predictions | 80% | 34 | $611.27 | -1.84% | -6.27% | $101 960 292 775 |  |
|
| 4 |  USDT |
Tether predictions | 93.2% | 1 | $1.000332 | -0.08% | -0.03% | $74 127 743 219 |  |
|
| 5 |  SOL |
Solana predictions | 70% | 59 | $228.23 | 0.71% | 10.70% | $69 756 769 207 |  |
|
| 6 |  ADA |
Cardano predictions | 63.6% | 75 | $1.67 | 7.55% | 1.04% | $55 541 807 746 |  |
|
| 7 |  XRP |
XRP predictions | 68% | 69 | $0.966682 | -1.39% | -6.74% | $45 673 121 634 |  |
|
| 8 |  USDC |
USD Coin predictions | 95.6% | 2 | $1.000586 | 0.01% | 0.05% | $39 076 707 256 |  |
|
| 9 |  DOT |
Polkadot predictions | 62% | 77 | $35.31 | -2.83% | -9.08% | $34 868 955 794 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 59.2% | 80 | $0.206922 | -0.17% | -5.39% | $27 388 014 340 |  |
|
| 11 |  LUNA |
Terra predictions | 69.6% | 68 | $66.14 | 3.27% | 50.17% | $25 662 261 357 |  |
|
| 12 |  AVAX |
Avalanche predictions | 61.2% | 75 | $106.91 | -9.78% | -8.11% | $23 943 836 667 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 65.6% | 78 | $0.000042 | -2.73% | 1.55% | $22 792 818 490 |  |
|
| 14 |  CRO |
Crypto.com Chain predictions | 56% | 89 | $0.692197 | -3.51% | -8.23% | $17 486 981 094 |  |
|
| 15 |  MATIC |
Polygon predictions | 68.4% | 63 | $2.09 | -0.73% | 11.57% | $14 682 483 901 |  |
