The post BTC Price to Hit $40K-Altcoins to Grow With Bitcoin During H2 2023! appeared first on Coinpedia Fintech News
The price of Bitcoin has been consolidating within a very narrow range throughout the past week which was followed by a rejection at $30,000 levels and a subsequent breakdown of the 50-day MA of around $29,000. Until the last trading day, the bearish target was set at around $25,000 but the recent upswing shed light on the possibility of the retest of the 50-day MA levels.
The BTC bulls appear to have dominated the market with strong momentum as they regained control after a sharp pullback. Holding the same momentum, the bulls are now trying to push the prices towards the next resistance level of $28,000. If they succeed to do so, then it may signal the resurgence of a firm upswing that may signal an extended Bitcoin rally.
However, the upswing may still continue for another 3 months as the next upswing is predicted anytime in the next fortnight.
Source: Tradingvi
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