A surge towards $40,000 brings hope to those who have endured months of bearish drawdowns, but is it enough to continue the bull market?
Bitcoin (BTC) is nearing $40,000 this Monday as a new week gets underway with a bang for bulls.A calm but confident weekend culminated in a dramatic run-up overnight Sunday, with BTC/USD swiftly nearing the top of its multi-month trading range.With favorable fundamentals and a lot of liquidated bears, Bitcoin looks set to investigate levels not seen in several weeks.What could shape price action as the week continues? Cointelegraph takes a look at five factors to consider when charting BTC price action in the coming days.Bitcoin sets eyes on $40,000Spot price action is, naturally, the topic on everyone’s radar at present — in 24 hours, Bitcoin has sealed gains of nearly 15%.While not yet flipping $40,000 to resistance, current levels have not been around since mid June, and appetite for
Enjin Price Prediction for Today, November 7 – ENJ Technical Analysis
The Enjin price prediction reveals that ENJ may lack medium-term support but if the price rises even further,…
