Bitcoin price breaks $40K: Here’s where BTC may go next
Bitcoin is preparing for another run to its all-time high at $42,000 as the crypto industry turns cautiously bullish. The price of Bitcoin (BTC) is showing signs of a newfound rally as it breaks the $40,000 resistance area. There is a combination of optimistic on-chain data points and a favorable market structure that is leading analysts and traders to anticipate an impending Bitcoin breakout to a new all-time high.In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for Bitcoin. The longer BTC took to break out of $40,000, the higher the probability of a potential....
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