BTC to $40,000? –Bitcoin Price Catalysts to Look for.
Bitcoin (BTC) price has hit a new yearly peak in each of the last three consecutive weeks. Investors anticipate that BTC will cross $39,000 next week.
Bullish holders shifted 30,000 BTC into crypto exchange wallets, signaling a possible profit-taking session in the coming week.
The daily Relative Strength Index (RSI) shows that BTC is approaching overbought territory.
Bitcoin Exchange Reserves stood at 2.01 million BTC when the price hit $38,000 on Thursday. But as of Sunday November 12, it has increased to 2.04 million BTC. Only a matter of time till we get to the conclusion.
