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 | 94% | 7 | $37 974.79 | 2.65% | 3.21% | $742 620 081 767 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 76% | 50 | $2 055.28 | 2.12% | 3.49% | $247 134 847 899 |  |
|
| 3 |  USDT |
Tether predictions | 91.2% | 1 | $1.000205 | 0.02% | -0.01% | $88 917 133 121 |  |
|
| 4 |  BNB |
Binance Coin predictions | 83.2% | 25 | $230.20 | 1.89% | -4.06% | $34 920 472 818 |  |
|
| 5 |  XRP |
XRP predictions | 74.4% | 42 | $0.611671 | 2.00% | 2.53% | $32 918 272 630 |  |
|
| 6 |  SOL |
Solana predictions | 59.2% | 87 | $58.20 | 6.66% | 8.25% | $24 645 476 442 |  |
|
| 7 |  USDC |
USD Coin predictions | 96% | 1 | $0.999716 | -0.02% | -0.02% | $24 482 991 365 |  |
|
| 8 |  ADA |
Cardano predictions | 71.6% | 62 | $0.385539 | 3.00% | 4.21% | $13 608 842 925 |  |
|
| 9 |  DOGE |
Dogecoin predictions | 74.8% | 48 | $0.080387 | 3.60% | 7.77% | $11 416 474 493 |  |
|
| 10 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 11 |  TRX |
TRON predictions | 82.8% | 27 | $0.103195 | 0.78% | 6.00% | $9 138 361 208 |  |
|
| 12 |  WTRX |
Wrapped TRON predictions | 84.4% | 30 | $0.103028 | 0.42% | 5.47% | $9 123 536 549 |  |
|
| 13 |  TON |
Toncoin predictions | 81.6% | 31 | $2.42 | -0.45% | 3.16% | $8 314 438 840 |  |
|
| 14 |  LINK |
Chainlink predictions | 63.6% | 69 | $14.57 | 3.63% | 4.11% | $8 113 407 755 |  |
|
| 15 |  AVAX |
Avalanche predictions | 58.8% | 86 | $20.64 | 2.41% | 0.41% | $7 534 681 892 |  |
