Bitcoin Price Eyes Fresh Bullish Breakout, Can BTC Make It To $45K?

Dec 26, 2023 04:00 am Cryptocurrency 190

Bitcoin price corrected gains and tested the $42,650 zone. BTC is again attempting a fresh increase and eyeing a move above the $43,750 resistance.

Bitcoin found support above the $42,500 zone and started a fresh increase.

The price is trading below $43,550 and the 100 hourly Simple moving average.

There is a connecting bearish trend line forming with resistance near $43,600 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could start a fresh increase if it clears the $43,750 and $44,300 resistance levels.

Bitcoin Price Holds Ground

Bitcoin price failed to clear the $44,300 resistance zone and started a downside correction. BTC declined below $43,500 level, but the bulls were active above the $42,500 zone.

A low was formed near $42,860 and the price is now attempting a fresh increase. There was a move above the $43,200 resistance zone. The price climbed above the 50% Fib retracement level of the downward move from ..

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