Is bitcoin steering towards $40k once again?
Considering the price differences for the past weeks now, I have strong doubt we are gonna see Bitcoin hitting $40k anytime soon. Looking at the price patterns, Bitcoin will continue to have a market value between the range of $25k and $38k. But there is some kind of chance we might see Bitcoin hitting above $40k within the third quarter of 2021.
It's quite hard to determine how fast or slow BTC will move towards $40k again since we don't have control on any activities some bugs companies might do. We didn't expect the recent ATH to happen that fast, so anything is possible in crypto. All we can do is to be updated and watch the market especially if we know we have BTC in us and plans to sell it, but if we're into long term and set our mind not to sell it yet at all cost then we can free ourselves from worries.
We can only see it again happen when the whales decide so. They manipulate the price to create a hype to the investors. Eventually we will be seeing a higher price than 40000$, its time to buy more coin. Knowing how big the companies have invested on it, they wont risk their fund and just let the price dip.