In accordance with the chart shared by Bloomberg recently, the bulls in the market are active following the demonstration of a decent recovery in BTC price from the level of $29K above $30K last week. The analysts at Bloomberg have explained why Bitcoin has got the potential to reach the mark of $44K soon.

Bitcoin Chart Pattern Reveals BTC Price May Touch $44k

At the time of writing this article, the price of Bitcoin is above the $36,500 level. Also, it did manage to even cross $39,850 on some exchanges, which it was not able to do for very long.

A classic double-bottom pattern has formed and this may lead the BTC price up to the mark of $44K. 

However, the analysts have cleared that Bitcoin may face some resistance at the $41K and $42K levels, as per a statement released by the analysts.

Well, the recent push in the price of Bitcoin is due to the revelation from an Amazon insider that the firm is looking forward to accepting payments in Bitcoin. In addition, it is going to add Ethereum, Cardano, and Bitcoin Cash to its list.

AMP Token Shoots Up Around 50%

In recent revelations or rather say rumours, it has come to notice that AMP token, along with Algorand is currently operating with e-Commerce giant Amazon on its crypto project. 

Though nothing has been officially revealed by Amazon as of yet, the news that the firm is having plans of making an entry into the crypto industry is not new. 

Furthermore, Amazon posted a job offer last Friday in which it was looking for a person that will be responsible for the Product Lead for its Blockchain and Crypto Division. The offer said:

“You will leverage your domain expertise in Blockchain, Distributed Ledger, Central Bank Digital Currencies and Cryptocurrency to develop the case for the capabilities which should be developed, drive the overall vision and product strategy, and gain leadership buy-in and investment for new capabilities.”