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Will the coin reach $ 40,000 today?



Bitcoin (BTC) rate on Thursday, January 14, rose to $ 37,962, altcoins are also trading in the green today. Over the past 24 hours, the cryptocurrency market capitalization has grown to $ 1.01 trillion. Of the top ten altcoins, Litecoin (LTC) has achieved the best results, jumping almost 13% to $ 148.57. Ether (ETH) is currently trading at $ 1123. At the beginning of the week, the crypto market experienced a painful drop. Following BTC, virtually all digital currencies have updated lows. At the level of $ 30,000, bitcoin “found the bottom”, after which $ 33,000 bounced. According to the CEO of CryptoQuant Ki-Yang Joo, institutions who bought cryptocurrency at higher values ​​did not allow the fall below $ 30,000. According to the same expert, the updated “bottom” for BTC is just the mark of $ 30,000. Even if we see a rollback to $ 28,000, the support will still sharply increase, after which a rebound will be inevitable. The Cryptanalyst hired WhaleMap team pointed to three areas of whale support for BTC. We are talking about the levels of $ 29,000, $ 19,000 and $ 13,500, at which large investors purchased coins. They are not interested in a pullback below such values ​​and will strengthen support when the corresponding risks appear.

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