Bitcoin Nears $40K as Latest Amazon Rumors Drop
Bitcoin has moved upwards and towards $40000 as recent rumors that Amazon will be accepting Bitcoin payments this year. Current price is $38300
BTC price burns bears en route to $40K: 5 things to watch in Bitcoin this week
‘Spot price action is, naturally, the topic on everyone’s radar at present — in 24 hours, Bitcoin has sealed gains of nearly 15%.
While not yet flipping $40,000 to resistance, current levels have not been around since mid June, and appetite for bullishness is palpable.
It began slowly following last week’s ‘The ₿ Word’ conference, which featured praise of Bitcoin from the likes of Jack Dorsey and Elon Musk.
A breakout was not immediately apparent, however, and progress was slow, as analysts remained wary of a market that they thought could still easily collapse to new cycle lows.
In the event, however, Bitcoin slowly inched up through the week, taking out $34,500 over the weekend and opening up the prospect of a run higher.
An impulse move was widely anticipated, including by Cointelegraph contributor Michaël van de Poppe, with potential targets lying within the established medium-term range with $42,000 as its ceiling.”
