Many attempts and stubborn resistance

It seems that Bitcoin will not break the 40 thousand resistance and the 30 thousand area will be the area in which Bitcoin will spend the most time this year.

After suffering severely with the 30k resistance and escaping from the free fall to the 20 thousand, Bitcoin launched about a week ago, driven by some positive news, which included:

• Amazon intends to integrate Bitcoin into its marketing payments.
• Re-mining operations again in many East Asian countries and the miners began to breathe a sigh of relief again.

But let's look at the positive side of all this, which is to launch into the 40k and break that stubborn resistance that has been with us for the past months.

In the third quarter of the year, Bitcoin, as well as Altcoins, started to move slightly by a percentage, reaching 25% at the beginning of the wave.

But the bitcoin did not last long after testing the 40k resistance and fell again, but with some payment and liquidity that flowed into the market in recent days, the bitcoin returned again to reach the 41k level.

Looking at the Bitcoin chart last week, we find that the price was good above the 40 thousand starting from the end of last month until yesterday, but the green candles did not last long and two red candles were long and it was enough to push the price unfortunately again to settle the price of Bitcoin now at $ 39,600 but to look to the side The positive is that the decline was not that bad, and we still have a chance to go back to the 40K again, before the weekly close.

Chart Source

Ethereum

As for Ethereum, it still maintains the bullish trend that it started about 10 days ago, bringing the weekly rise of Ethereum to 11% compared to Bitcoin, which fell to about 1% with this decline.

The price of Ethereum has now reached $2,630, up by 3% today. As we enter into the update that we are all waiting for, Ethereum is performing in a very striking way compared to its competitor BNB, which is behind Bitcoin.