Bitcoin price at $40,000 at the end of Q1? – These factors could make it possible!

A preliminary attempt to break the resistance at $23,000 has also recently been made. Bitcoin surged to $23,900, just shy of the $24,000 mark. However, the course was forced to accept another setback and dropped below $ 23,200.

Can the breakout above resistance occur within the next few days?

It's possible that the current resistance will be broken in the coming days, causing the price of bitcoin to rise toward $25,000 in value. The $30,000 threshold would not be far away in this scenario.

This increase may or may not occur, though. It's also possible that the rise will hit this resistance and the market will crash. The price of Bitcoin could drop below $20,000 again as a result of this crash.

Can Bitcoin quickly regain its $40,000 price?

On a breakout to the upside, a surge towards $30,000 should be feasible if we assume that the price of bitcoin can increase over the ensuing weeks. So, we may anticipate another 20–30% increase in the upcoming weeks.

Bitcoin training.

However, it doesn't appear out of the question for a rise to the $40,000 level in the coming weeks. A bitcoin price of $40,000 would not be out of the question if we witness the breakout to $30,000 in the coming weeks and momentum persists.

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