However, on the daily chart, at the moment the price rests against support, from where a rebound is quite possible. The RSI indicator in the neutral zone also indicates a possible resumption of the bullish trend. The MACD indicator is still in the zone below zero, however, it is starting to decline, indicating a possible transition in the opposite direction.
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https://medium.com/bex500/is-it-another-chance-for-btc-to-hit-40k-this-week-846742e31329The price got well rejected at that strong support which is at $30K with today's market outlook which is very bullish, price had already rallied to $34K+ presently, thus the possibility of reaching $40K being the next support is feasible however when and the period for the price to reach that price mark is unpredictable, it could be this week or next all these are subject to Price Action coupled with a positive fundamental news that can trigger or pump the price swiftly to $40K