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The price of bitcoin shot from $38,800 to $39,400 like it won't take long for bitcoin to soon touch $40K maybe tomorrow or tonight because the chart continues to show positive signals, see bitcoin looks like it will continue in the upward direction to touch the highest price this year.
We will soon see $40K in the near future.
This may be due to the ETF trend that is still going on until now, there is even a discourse that it will be approved in early January, maybe because of that effect because of the increase in bitcoin and now it is a significant increase.
Of course, we are almost there and $40k will become a reality in December. Bitcoin moved well past $39k some time ago which previously failed to penetrated at last month, but due to the large number of sell-offs the price fell slightly even though it is currently still around $39,300.
Current price: 39,520$, so yeah, just $500 and we will be in the $40k mark for the first this year. So it's really exciting for us, specially those who have been holding it for a year at least. And you just have to think about it, no assets in the world can give you a huge profits in a year, a 100%++ jump.
Market conditions look very optimistic about a $40k hit in the near future, could be today. But some assumptions say that December has the potential for a correction that might test the $35k support level. ETFs are one of the factors that can influence the current market, but this hype is expected to last longer even though there is no certainty that it will be approved. Let's wait to see what happens in the hours before market close today, but we are only $700 away from $40k.
So let's wait, if it is done today then good. However, it's somewhat weekend for us, so I expect a huge push this Monday, everyone is refresh coming for the long weekend. With that, we already have the patience for a year, we just need to be confident that next week $40k has been broken by the bulls and so the sentiments will continue up to next year.