{"id":7640,"date":"2023-12-02T21:03:13","date_gmt":"2023-12-02T21:03:13","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7640"},"modified":"2024-03-30T07:03:06","modified_gmt":"2024-03-30T07:03:06","slug":"bitcoin-price-40-thousand-dollar-rise","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-price-40-thousand-dollar-rise\/","title":{"rendered":"Bitcoin at 40000 Dollars! The Footsteps of the Bull?"},"content":{"rendered":"

Bitcoin at 40000 Dollars! The Footsteps of the Bull? The giant of the <\/strong>cryptocurrency markets, Bitcoin<\/strong> reached the $40,000 threshold, marking its highest level since May 2022.<\/p>\n

Bitcoin, the leader of the crypto markets, has reached the $39,500 <\/strong>level, marking its highest level since May 2022. Now all eyes are on whether Bitcoin will cross the psychological threshold of $40,000<\/strong>. Expectations are also directed towards the decision of the SEC (<\/strong>Securities and Exchange Commission of the United States) regarding Bitcoin spot ETF<\/a><\/strong>.<\/p>\n

Lately, BTC has gained substantial momentum. Once again returning to its old shining days, there is curiosity about whether Bitcoin, a threshold that could affect the entire cryptocurrency and finance sector, will exceed the $40,000 <\/strong>level. As a result, Bitcoin is at 40000!<\/strong><\/p>\n

The SEC’s <\/strong>decision will be decisive in the value of the leading cryptocurrency<\/strong>. It has been reported that a decision for Bitcoin spot ETF<\/strong> applications will be given between January 8 and 10. Markets are eagerly awaiting how this decision will affect Bitcoin and other cryptocurrencies. The decision can be approval, rejection, or postponement,<\/strong> which is known. However, developments in previous ETF applications create uncertainty in the industry.<\/p>\n

Bitcoin Technical Analysis What will happen to BTC?<\/h3>\n

Experts suggest that a series of positive news is necessary for BTC to exceed the $40,000 <\/strong>threshold. Therefore, the decision that SEC will make on Bitcoin spot ETF submissions could play a crucial role in this process.<\/p>\n

Bitcoin attracted attention by making a robust closing on the daily chart over $38,000 with a sharp increase. Subsequently, it made a sharp upward movement against the resistance levels of $39.410-$39.900<\/strong>.<\/p>\n

\"BTC,
TradingView<\/a> Bitcoin Chart<\/figcaption><\/figure>\n

 <\/p>\n

If it could find support at these levels, it could continue its rise up to $45,445. However, if it cannot pass resistances, it can drop to the support level of $37,760 with the possibility of retraction. If BTC<\/strong> ranges this region, positive price movements can be observed in altcoins.<\/p>\n

This rise of Bitcoin could mean a new bull period <\/strong>in the cryptocurrency markets. However, as always, it is worth reminding cryptocurrency investors to be careful in this dynamic sector day and night and to make conscious investments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin at 40000 Dollars! The Footsteps of the Bull? The giant of the cryptocurrency markets, Bitcoin reached the $40,000 threshold, marking its highest level since May 2022. Bitcoin, the leader of the crypto markets, has reached the $39,500 level, marking its highest level since May 2022. Now all eyes are on whether Bitcoin will cross<\/p>\n","protected":false},"author":1,"featured_media":7639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2751,2753,2752,2750,2754],"class_list":["post-7640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-2751","tag-000-bullish","tag-000-dollars","tag-bitcoin-at-40","tag-bitcoin-bullrun"],"yoast_head":"\nBitcoin at 40000 Dollars! The Footsteps of the Bull? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin at 40,000 Dollars! The Footsteps of the Bull? 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The Footsteps of the Bull? - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-40-thousand-dollar-rise\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/bitcoin-price-40-thousand-dollar-rise\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/12\/tempory-15.jpg","datePublished":"2023-12-02T21:03:13+00:00","dateModified":"2024-03-30T07:03:06+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/70674da64ef7457ff399f5f51be296e2"},"description":"Bitcoin at 40,000 Dollars! The Footsteps of the Bull? 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