Bitcoin: 37k and 40k resistant are the next victims

Unstoppable Bitcoin is king

As of the time I was writing this article Bitcoin price is at $36,666 and pushing towards its next target at $37k resistant, which, in my opinion, is a very easy target but everyone, or let me say 80% of posts I have seen this morning on Twitter or X has been talking about Bitcoin hitting $37k and staying there or consolidating there for a little while before it will either pump higher towards $40k or dumps lower toward $33k and maybe down to $30k level again to gather some momentum and pump higher as the next Bitcoin halving is gradually approaching, Bitcoin is making bullish moves continuously and I think if Bitcoin continues pumping like this we might see a bull run before halving, and then the Bitcoin halving will blow our minds.

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Can you guys remember when this $36k level was horrible news a couple of years ago when Bitcoin dumped from its current all-time high at $69k back down, i think it was the news about Terra labs Luna and UST projects crash that dragged the price of Bitcoin from $40k or $50k down to $30k level. And a few weeks ago the fake news about Bitcoin spot ETF being approved sparked or started the current pump we are enjoying at the moment because that fake news made Bitcoin pump from $30k or $29k level up to $36.5k level before it dropped back down and consolidated for a while.

Terra Labs LUNA and UST project dump of Bitcoin price and the fake approval of Bitcoin spot ETF news pump of Bitcoin price has one major thing in common, which is the way people or we crypto traders and investors react to a news update or event, if the news is positive Bitcoin price pumps and if it is negative Bitcoin price dumps. If you love Bitcoin it will love you back, if you Hodl it will eventually reward you handsomely. Congratulations to all those who are Hodling Strong it has not been easy at all. Let's not start popping our drinks yet because I think $40k is a very strong resistance zone that everyone should pay attention to but still I feel good. really good about Bitcoin pump. So stay strong guys and girls.

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Posted Using InLeo Alpha



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