Bitcoin Has Climbed Above $40,000 Again“”What’s Next?

Bitcoin Has Climbed Above $40,000 Again“”What’s Next?

Bitcoin has been trading near $40,000 after surpassing that price level earlier today. 3D Rendering



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Bitcoin prices surpassed $40,000 earlier today and have been fluctuating within range of that key, psychological level for the last several hours.

As the cryptocurrency trades close to the all-time high of more than $42,000 it reached earlier this month on CoinDesk, several market observers weighed in where it will likely go next.

Some of these individuals provided technical analysis, identifying key levels of support and resistance.

[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]

“$30,000 has proven to be a very strong support level for bitcoin, with consistent dip buying above that mark,” said Denis Vinokourov, head of research for London-based digital asset firm Bequant.



Alex Mashinsky, cofounder, chairman and CEO of Celsius Network, offered a similar perspective, stating that:



“It looks like we will be re-testing all-time highs on the upper side and the $30,000 support levels on the downside.”

Mashinsky added that “if we hit a lot of resistance at the