Bitcoin once again strengthened above 40,000 in early trading on Wednesday. The current price spread of Bitcoin during the annualization period was 7.00%, down 1.50% from the previous day. The transaction amount of Bitcoin reached 7396914.5 BTC, an increase of 222% from the previous day, setting the highest single-day transaction volume in the past two years. Tesla: In the six months ending June 30, 2021, Tesla has purchased a total of $1.5 billion in Bitcoin.
From technical perspective, the daily candles show 7 consecutive bullish candles, testing a short-term new high again, the daily indicators gradually strengthened, MA forms Golden Cross. H4 graph, all indicators are showing bullish signal. Overall, prioritise Buy. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 40500.
Resistance：40500-41400-44000
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