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 | 60.8% | 82 | $29 106.25 | -2.42% | 5.31% | $554 291 732 800 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 64% | 82 | $1 948.76 | -4.39% | 2.87% | $235 479 609 902 |  |
|
| 3 |  USDT |
Tether predictions | 92.8% | 1 | $0.998927 | 0.01% | 0.45% | $74 133 574 134 |  |
|
| 4 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000000 | -0.02% | -0.02% | $52 342 870 112 |  |
|
| 5 |  BNB |
Binance Coin predictions | 63.2% | 83 | $295.00 | -1.85% | 22.08% | $48 166 486 706 |  |
|
| 6 |  XRP |
XRP predictions | 68% | 71 | $0.409415 | -4.38% | 13.13% | $19 792 398 575 |  |
|
| 7 |  BUSD |
Binance USD predictions | 93.6% | 1 | $0.999245 | -0.27% | -0.42% | $18 398 603 846 |  |
|
| 8 |  ADA |
Cardano predictions | 64% | 77 | $0.514791 | -8.42% | 17.73% | $17 375 510 992 |  |
|
| 9 |  SOL |
Solana predictions | 58.4% | 84 | $50.79 | -8.30% | 15.69% | $17 139 777 776 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 61.2% | 87 | $0.084252 | -5.17% | 11.85% | $11 177 788 099 |  |
|
| 11 |  DOT |
Polkadot predictions | 62.8% | 78 | $9.61 | -8.87% | 19.27% | $9 486 356 576 |  |
|
| 12 |  WBTC |
Wrapped Bitcoin predictions | 59.6% | 82 | $29 092.16 | -2.40% | 5.58% | $8 144 434 333 |  |
|
| 13 |  AVAX |
Avalanche predictions | 58.8% | 82 | $29.59 | -11.64% | 6.16% | $7 963 113 848 |  |
|
| 14 |  TRX |
TRON predictions | 73.6% | 55 | $0.071826 | -0.02% | -1.60% | $7 007 431 948 |  |
|
| 15 |  DAI |
Dai predictions | 95.2% | 1 | $1.000124 | 0.04% | 0% | $6 501 256 168 |  |
