Bitcoin(BTC) To Hit $40K-$41K in Next Few Weeks, Is It The Right Time to Buy?

The post Bitcoin(BTC) To Hit $40K-$41K in Next Few Weeks, Is It The Right Time to Buy? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

While the crypto space was in the belief that the Bitcoin prices are slightly recovering and the bearish clouds may have faded away, the asst yet again initiated with a descending consolidation. Therefore manifesting the possibilities of smashing $32,000 following the current downtrend. Yet the crypto space is about to fall under huge skepticism as the BTC price is all set to hit the $40,000 price zone very soon.

Bitcoin has been trading around $35,000 to $39,000 for quite a long time and currently is attempting to go a little lower, but eventually jump to hit $40K.  However, as one of the popular analysts believes that these levels are also short-lived one. The analyst predicts that the BTC price may flip the current consolidation after a couple of days and slice through the consolidation to hit levels much above $41,000. 

What’s Next For BTC Price ?

The zones around $40,000 to $42,000 are considered as one of the important zones to hold to continue with a notable uptrend. However, the asset in the upcoming days may get a stronger boost that could assist the price to land up around these areas.

While the traders get a little relaxed by reaching the levels above $40,000, the very next moment the BTC price may drop in the deep drowning well to hit the expected support levels at $30,000 somewhere in between April or May 2022. 

Also Read : Bitcoin Price Eyeing a Huge Weekly Target of $43000, BTC Price To Hit This Level In Coming Week !

The analyst thinks that Bitcoin has fallen drastically since November of about 50% away from its ATH. And since then the asset has not showcased a huge and steep correction at a stretch but a drop that includes an accumulation of strength in between.

And hence, the BTC price is expected to surge breaking the trend line and entering the crucial resistance levels at $42,000. Woefully, the profits gained maybe a pretty short-lived one as the asset is further poised to shed them out very soon.