- 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.
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.