Main navigation

Bitcoin May Rise to $44,000, According to This Pattern: Bloomberg

Mon, 26/07/2021 - 8:55
Bitcoin May Rise to $44,000, According to This Pattern: Bloomberg
Cover image via
Read U.TODAY on
Google News

According to a chart shared by Bloomberg, bulls have become more active now after the flagship digital currency, Bitcoin, demonstrated a quick recovery from the $29,000 zone above $30,000 last week.


Now, they have managed to propel the Bitcoin price above the $36,500 zone. Later on, Bitcoin hit $39,850 on Bitstamp, a high not seen for one and a half months.

3 Reasons Why Bitcoin Suddenly Soared to Nearly $40K

This Bitcoin move up to this major high has confirmed a classic double-bottom pattern, according to the Bloomberg analytics team, which may lead BTC up to the $44,000 level.

The resistance may be waiting at the $41,000-$42,000 area, as per a statement made by the analysts.

Image via Bloomberg

Bitcoin was pushed nearly to the $40,000 level by the previously announced news, shared by an Amazon insider, that the e-commerce behemoth is preparing to start accepting payments in Bitcoin. Once this is successful, the company will likely add Ethereum, Cardano's ADA and Bitcoin Cash.


Latest Press Releases

'Rich Dad Poor Dad' Author Reveals His Possible Actions Should Bitcoin Crash
Is Shiba Inu Getting Ready for Death Cross? Critical Cardano Breakdown, Next Bitcoin (BTC) Support Level Revealed
Monster Bitcoin (BTC) Purchase Mystifies Community
Fidelity Surpasses BlackRock and Other ETFs by Daily Bitcoin Inflows Today
Nvidia Surpasses Entire Crypto Market as AI Hype Picks Up Steam
Cardano Praised by Dan Gambardello As Strong Chain While Avalanche Hit By Outage
Shiba Budz (BUDZ) Novel Meme Coin Pre-Sale Gaining Steam in Late February as Majors Dogecoin (DOGE), Shiba Inu (SHIB) Remain in Tops
Ripple Cofounder Celebrates Major Stellar Success, Polkadot Secures Spot on Coinbase Futures, Shiba Inu Burn Rate Surges 8,511%: Crypto News Digest by U.Today
Ethereum Dencun Upgrade Date Confirmed by Devs
Millions of XRP Shifted by Whales as Price Hits Key Support
Binance Web3 Wallet Announces Massive Crypto Giveaway to Celebrate ERC-404 Integration
Legendary Trader John Bollinger Issues Bullish Wake-Up Call as Bitcoin Price Turns Red
Spot Bitcoin ETFs Break Record With $50 Billion Trading Volume
Ethereum (ETH) Price Prediction for February 23
Solana (SOL) Price Prediction for February 23
BlockDAG Network (BDAG) Pre-Sale Might be Gaining Steam in February since Retik Finance (RETIK), and eTuk Tuk (ETUKTUK) Communities Show Interest
Shiba Inu Developer Excites SHIB Community With Tweet, What It Pertains To
SHIB Army Receives Crucial Warning From Shiba Inu Team
MetaClip (MCLP) Cryptocurrency Sale Campaign Invites Investors as XRP Price Growing
DeeStream (DST) Asset Release Campaign On-Boards Investors as Blur (BLUR), Cosmos (ATOM) Keep Surging
Our social media
There's a lot to see there, too

Popular articles