BTC $43390.71 (5.96%)
ETH $3023.63 (9.03%)
USDT $1.00 (0.06%)
BCH $541.49 (5.73%)
BSV $146.25 (1.13%)
LTC $159.65 (5.43%)
BNB $376.23 (8.17%)
ADA $2.23 (12.0%)
DOGE $0.22 (11.6%)
BTC $43390.71 (5.96%)
ETH $3023.63 (9.03%)
USDT $1.00 (0.06%)
BCH $541.49 (5.73%)
BSV $146.25 (1.13%)
LTC $159.65 (5.43%)
BNB $376.23 (8.17%)
ADA $2.23 (12.0%)
DOGE $0.22 (11.6%)

Bullish BTC Continues To Break One Resistance To Another

Bitcoin-BTC-Bullish-Run
  • Bitcoin has remained in a positive zone above the $39,000 level.
  • BTC is likely to climb further above $40,500 and $41,000 in a few days.
  • BTC is trading live at $40,144 with a 24-hour trading volume of $33,910,802,001.

Today, Bitcoin has remained in a positive zone above the $39,000 level against the US Dollar. BTC is likely to climb further above $40,500 and $41,000 in a few days.

After a dramatic market crash that goes all the way down to the $28,000 level, Bitcoin has been nicely recovering and significantly showing bullish momentum. From breaking its previous $32,000 resistance level to breaking another level at $35,000. Bitcoin is without a doubt smashing one resistance to another.

Looking at the chart, it has performed a 37.56% gain from its weak point at $29,250 on July 20. Currently, BTC is trading live at $40,144 with a 24-hour trading volume of $33,910,802,001.

Bitcoin-FIB-Retracement
Bitcoin Fib Retracement and MACD | Source: Tradingview.com

The price is trading nicely above the previous $38,000 resistance level. Now, it is trading well above $40,000 and looks like it will continue to move up as MACD shows a quite large distance above its signal support with no signs of crossover as of writing.

Since mid-June, the price of Bitcoin has been wavering between the $30,000 to $35,000 range. For the first time in 6 weeks, Bitcoin hit $39,000. However, it doesn’t end there as the BTC/USD pair is likely to gain bullish momentum if it clears $40,200 and $40,500.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.