The post Optimism Surrounding Bitcoin Pushes Price Above $38,000; Technicals Suggests a Rise Beyond $40,000 Is Imminent appeared first on Coinpedia Fintech News
In an interesting move, Bitcoin soared above the pivotal resistance zone and almost reached $39,000 before facing a small pullback. The bulls have held a tight grip on the rally without letting the bears flourish. This lifted global market capitalization by nearly 1.36%, while investors appear to have become optimistic about the future of the BTC price rally.
What led to a sudden shift of momentum? Why did the BTC price soar to $38,999?
The BTC price was heavily consolidating along the resistance and accumulating strength to trigger a fresh upswing. Alongside, a few factors also contributed during the recent jump which are believed to have an impact in the long term:
The buzz around the approval window for the Bitcoin spot ETF is speculated to be between January 5 and 10, 2024
MicroStatergy’s huge buy of over 16,000 BTC worth
We współpracy z: https://coinpedia.org/price-analysis/optimism-surrounding-bitcoin-pushes-price-above-38000-technicals-suggests-a-rise-beyond-40000-is-imminent/
