{"id":486435,"date":"2022-03-20T12:00:05","date_gmt":"2022-03-20T12:00:05","guid":{"rendered":"https:\/\/uniquehot.com\/?p=486435"},"modified":"2022-03-20T11:43:32","modified_gmt":"2022-03-20T11:43:32","slug":"bitcoin-breaks-past-the-40000","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-breaks-past-the-40000\/","title":{"rendered":"Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum?"},"content":{"rendered":"

Bitcoin (BTC) reached an all-time high of $68,788\u00a0per coin on November 10, 2021.<\/p>\n

Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty.<\/p>\n

Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record\u00a0of fluctuation.<\/p>\n

As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset.<\/p>\n

Bitcoin Yet To Regain Previous High<\/h2>\n

The flagship cryptocurrency has yet to reclaim its 2022 high of $47,800, which it achieved on January 1 and 2 \u2014\u00a0approximately three weeks before plunging to $33,183.<\/p>\n

While Bitcoin has flirted with the $40,000 mark on several occasions this year, those growth spurts have yet to prove viable.<\/p>\n

However, it has rallied once more this week. According to CoinMarketCap, Bitcoin\u00a0gained approximately 6.65%\u00a0in the last seven days and was trading at $41,770 at the time of this writing, surpassing the $40,000 mark on Friday. Other coins have also increased in value during the last few days.<\/p>\n

Pullback To Support Levels Seen<\/h2>\n

Bitcoin’s price is edging closer to its upward limit following an almost week-long slow strut-up. As a result of\u00a0the presence of many obstacles, a pullback to stable support levels for BTC is anticipated.<\/p>\n

Bitcoin’s price is encountering numerous resistance points as it approaches the $45,000 local high. A retest of the bearish breaker zone between $42,866\u00a0and $43,754\u00a0is expected to result in a downturn to $38,887\u00a0and below.<\/p>\n

<\/p>\n

BTC total market cap at $792.68 billion on the daily chart | Source: TradingView.com<\/a><\/pre>\n

Related Article | Shiba Inu Exodus: 32,000 Holders Lose Interest In The \u2018Dogecoin Killer\u2019<\/a><\/em><\/strong><\/p>\n

Since January 22, the BTC price has reached three identical highs and four higher lows. These swing points can be combined to construct an ascending triangle using trend lines.<\/p>\n

This technical structure forecasts a 20% increase, calculated by adding the distance between the initial swing high and low to the $44,417\u00a0breakout point.<\/p>\n

Bitcoin Poised For Further Rally<\/h3>\n

Given the current geopolitical landscape, rising inflation, interest rate increases, and rising oil prices, many industry specialists are already speculating on the Bitcoin price by the end of the year, as many people want a buffer against inflation and a safe haven asset.<\/p>\n

Bloomberg recently reported that despite a huge fall to usher in\u00a0the year, Bitcoin is poised for additional price gain.<\/p>\n

Ethereum Nears $3K<\/h3>\n

Meanwhile, Ethereum (ETH) gained ground on Friday following a wild week.<\/p>\n

Ethereum has rallied\u00a0up to 5% in the last 24 hours, closing in on $3,000 for the first time in two weeks.<\/p>\n

Ether’s growth is partly a result of efforts toward the mainnet integration of the Ethereum blockchain and the Beacon Chain.<\/p>\n

Related Article | Ethereum Sees Biggest Exchange Withdrawals This Year \u2013 A Bump In ETH Price In The Offing?<\/a><\/em><\/strong><\/p>\n

Featured image from Coingape, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) reached an all-time high of $68,788\u00a0per coin on November 10, 2021. Since then, the world’s most sought-after cryptocurrency has experienced extraordinary volatility, and the market has appeared reactive and fragile, with the Fear & Greed Index indicating a high level of doubt and uncertainty. Since January 5, the price of BTC has fluctuated between $35,000 and $45,000, a relatively narrow range considering the currency’s track record\u00a0of fluctuation. As a result, this could be the start of a long-awaited period of stabilization for the market’s top digital asset. Bitcoin Yet To Regain Previous High The flagship cryptocurrency has yet to reclaim its 2022 high of $47,800, which it achieved on January 1 and 2 \u2014\u00a0approximately three weeks before plunging to $33,183. While Bitcoin has flirted with the $40,000 mark on several occasions this year, those growth spurts have yet to prove viable. However, it has rallied once more this week. According to CoinMarketCap, Bitcoin\u00a0gained approximately 6.65%\u00a0in the last seven days and was trading at $41,770 at the time of this writing, surpassing the $40,000 mark on Friday. Other coins have also increased in value during the last few days. Pullback To Support Levels Seen Bitcoin’s price is edging closer to its upward limit following an almost week-long slow strut-up. As a result of\u00a0the presence of many obstacles, a pullback to stable support levels for BTC is anticipated. Bitcoin’s price is encountering numerous resistance points as it approaches the $45,000 local high. A retest of the bearish breaker zone between $42,866\u00a0and $43,754\u00a0is expected to result in a downturn to $38,887\u00a0and below. BTC total market cap at $792.68 billion on the daily chart | Source: TradingView.com Related Article | Shiba Inu Exodus: 32,000 Holders Lose Interest In The \u2018Dogecoin Killer\u2019 Since January 22, the BTC price has reached three identical highs and four higher lows. These swing points can be combined to construct an ascending triangle using trend lines. This technical structure forecasts a 20% increase, calculated by adding the distance between the initial swing high and low to the $44,417\u00a0breakout point. Bitcoin Poised For Further Rally Given the current geopolitical landscape, rising inflation, interest rate increases, and rising oil prices, many industry specialists are already speculating on the Bitcoin price by the end of the year, as many people want a buffer against inflation and a safe haven asset. Bloomberg recently reported that despite a huge fall to usher in\u00a0the year, Bitcoin is poised for additional price gain. Ethereum Nears $3K Meanwhile, Ethereum (ETH) gained ground on Friday following a wild week. Ethereum has rallied\u00a0up to 5% in the last 24 hours, closing in on $3,000 for the first time in two weeks. Ether’s growth is partly a result of efforts toward the mainnet integration of the Ethereum blockchain and the Beacon Chain. Related Article | Ethereum Sees Biggest Exchange Withdrawals This Year \u2013 A Bump In ETH Price In The Offing? Featured image from Coingape, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":486437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625],"tags":[428,1119,6664,8323,1946],"class_list":["post-486435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","tag-bitcoin","tag-btc","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\nBitcoin Breaks Past The $40,000 Barrier Again - Can It Sustain The Momentum?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) reached an all-time high of $68,788\u00a0per coin on November 10, 2021. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum?","url":"http:\/\/uniquehot.com\/news\/bitcoin-breaks-past-the-40000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-breaks-past-the-40000\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/03\/Bitcoin-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/03\/Bitcoin-2.jpeg?fit=1460%2C657"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","crypto","eth","ethereum"],"dateCreated":"2022-03-20T12:00:05Z","datePublished":"2022-03-20T12:00:05Z","dateModified":"2022-03-20T12:00:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Breaks Past The $40,000 Barrier Again – Can It Sustain The Momentum?\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-breaks-past-the-40000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-breaks-past-the-40000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Bitcoin-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/03\\\/Bitcoin-2.jpeg?fit=1460%2C657\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2022-03-20T12:00:05Z\",\"datePublished\":\"2022-03-20T12:00:05Z\",\"dateModified\":\"2022-03-20T12:00:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/03\/Bitcoin-2.jpeg?fit=1460%2C657","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/486435"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=486435"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/486435\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/486437"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=486435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=486435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=486435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}