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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 75.6% | 43 | $70 607.24 | 2.03% | 5.83% | $1 388 617 170 966 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 76.4% | 48 | $3 561.34 | 1.14% | 1.15% | $427 616 397 332 | ||
3 | USDT | Tether predictions | 95.6% | 1 | $0.999965 | 0.03% | 0.02% | $104 450 557 345 | ||
4 | BNB | Binance Coin predictions | 65.2% | 79 | $583.24 | 2.15% | 3.78% | $87 215 437 052 | ||
5 | SOL | Solana predictions | 56.8% | 89 | $185.45 | 1.48% | -0.21% | $82 394 904 357 | ||
6 | XRP | XRP predictions | 82.4% | 31 | $0.629879 | 2.52% | -1.42% | $34 570 449 990 | ||
7 | USDC | USD Coin predictions | 94.4% | 2 | $0.999918 | -0.02% | -0.01% | $32 225 189 704 | ||
8 | DOGE | Dogecoin predictions | 65.6% | 68 | $0.218594 | 18.03% | 39.45% | $31 402 035 656 | ||
9 | ADA | Cardano predictions | 68.8% | 67 | $0.653594 | 2.59% | 1.65% | $23 255 837 326 | ||
10 | AVAX | Avalanche predictions | 56% | 88 | $54.51 | 1.26% | -1.95% | $20 574 426 056 | ||
11 | SHIB | SHIBA INU predictions | 56.8% | 94 | $0.000032 | 5.70% | 13.48% | $18 700 268 155 | ||
12 | TON | Toncoin predictions | 58.4% | 88 | $5.04 | 0.27% | 21.77% | $17 480 637 001 | ||
13 | DOT | Polkadot predictions | 70.4% | 52 | $9.49 | 0.17% | 0.48% | $13 543 252 177 | ||
14 | BCH | Bitcoin Cash predictions | 70.4% | 60 | $576.03 | 7.00% | 37.12% | $11 337 288 440 | ||
15 | LINK | Chainlink predictions | 74.4% | 42 | $19.30 | 0.33% | 3.33% | $11 331 417 648 |
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