Bitcoin

Sherpa

Coin

<ul class="news-points">
 <li><strong>The analyst Altcoin Sherpa revealed that he was surprised by BTC’s strong price movement after it broke above $38K.</strong></li>
 <li><strong>Despite a lack of buy power, the analyst predicted that BTC may rise to $40K in the next few days.</strong></li>
 <li><strong>BTC was trading above the upper level of a medium-term bullish price channel as indicators suggest it could continue climbing.</strong></li>
</ul>
<p>The cryptocurrency trader and analyst Altcoin Sherpa revealed that he was not expecting <a href="https://coinedition.com/tag/bitcoin-btc-news/" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> to perform so strongly once it breached the $38K resistance level. In the post, he shared that he was waiting for more bullish power for the market leader to reach its current level. Nevertheless, he predicted that $40K is BTC’s next target.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a>: I'll be honest, I didn't really expect this type of price action when breaking thru that 38k level. 40k is the next level up but I wanted to see some more power/push/volume/etc. Maybe it wasn't necessary.<br><br>All in all, spidey senses are going off, not sure why. <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> <a href="https://t.co/zf0It7CPLT" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zf0It7CPLT</a></p>— Altcoin Sherpa (@AltcoinSherpa) <a href="https://twitter.com/AltcoinSherpa/status/1731142595756093462?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 3, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Meanwhile, Wu Blockchain also shared an update regarding the market leader. According to their post, Conglass data shows that the ent…</p>
<p>The post <a href="https://coinedition.com/btc-may-continue-ascending-to-40k-despite-lack-of-bull-power/" rel="noopener noreferrer nofollow">BTC May Continue Ascending to $40K Despite Lack of Bull Power</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BTC May Continue Ascending to $40K Despite Lack of Bull Power

Coin Edition

Other articles published on Dec 3, 2023

Avalanche MOM volume up 167% as L1 networks record growth

Embracing institutions today will keep defi’s tomorrow on track | Opinion

Ethereum Network Destroys Over 105,000 ETH in One Month

Bitcoin Miners Face Over 30% Revenue Decline in Six Months

Terra Classic ($LUNC) Price Climbs 30%, Surpassing $1 Billion in MarketCap, What’s Next?

Solana’s Founder Yakovenko Issues Warning Against the “ETH Killer” Narrative!

Join our free newsletter for daily crypto updates!