#BTC to $40,000? –Bitcoin Price Catalysts to Look for this Week

Bitcoin Price Insights: 

Bitcoin (BTC) price has hit a new yearly peak in each of the last three consecutive weeks. Investors anticipate that BTC will cross $39,000 next week. 

Bullish holders shifted 30,000 BTC into crypto exchange wallets, signaling a possible profit-taking session in the coming week. 

The daily Relative Strength Index (RSI) shows that BTC is approaching overbought territory. 

Bitcoin’s (BTC) price grazed $38,000 last week as the bulls extended the 2023 peak by another 7% on Thursday, November 9, 2023. In-depth data analysis examines how recent on-chain movements by Bitcoin holders could impact BTC price action in the coming week. 

$BTC