Bitcoin
BTC$67 470.51

0.84%

Ethereum
ETH$3 498.84

0.18%

Tether
USDT$1.000158

-0.03%

Binance Coin
BNB$594.21

0.27%

Solana
SOL$181.36

3.58%

XRP
XRP$0.621653

6.42%

Bitcoin tries to break $40K for the second time in as many days


28 Jul 2021

#Bitcoin

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.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 78% 41 $67 470.51 0.84% 6.12% $1 331 153 091 115 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.4% 46 $3 498.84 0.18% 2.88% $420 659 880 968 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.2% 1 $1.000158 -0.03% -0.08% $114 102 712 404 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 75.2% 43 $594.21 0.27% 2.68% $86 718 095 242 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 71.6% 56 $181.36 3.58% 16.22% $84 218 840 513 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 69.2% 59 $0.621653 6.42% 16.57% $34 756 319 298 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 90.8% 1 $1.000014 0% -0.01% $33 940 979 096 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 73.6% 53 $0.141947 5.96% 17.31% $20 614 174 838 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 89.6% 11 $6.99 -1.14% -7.03% $17 579 184 375 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 74.8% 53 $0.429819 1.49% -1.77% $15 428 924 556 ADA 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 75.6% 42 $31.94 4.01% 17.86% $12 611 258 574 AVAX 7 days price change
12 TRON (TRX) TRX TRON predictions 82.4% 33 $0.133527 -0.45% -3.29% $11 627 655 057 TRX 7 days price change
13 SHIBA INU (SHIB) SHIB SHIBA INU predictions 76.8% 37 $0.000018 1.08% -3.19% $10 526 676 322 SHIB 7 days price change
14 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 94.8% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change

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