Bitcoin
BTC$70 607.24

2.03%

Ethereum
ETH$3 561.34

1.14%

Tether
USDT$0.999965

0.03%

Binance Coin
BNB$583.24

2.15%

Solana
SOL$185.45

1.48%

XRP
XRP$0.629879

2.52%

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.


Related

NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

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

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.