Bitcoin Price Rips Higher But $43K Is The Key To More Upsides

Dec 14, 2023 04:00 am Cryptocurrency 177

Bitcoin price formed a base above the $40,000 support zone. BTC is now struggling to clear the $43,000 resistance zone and consolidating.

Bitcoin started a fresh increase from the $40,000 support base.

The price is trading above $42,000 and the 100 hourly Simple moving average.

There was a break above a connecting bearish trend line with resistance near $41,050 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could continue to move up if there is a clear move above the $43,000 resistance.

Bitcoin Price Regains Strength

Bitcoin price remained well-bid above the $40,000 support zone. BTC formed a base and recently started a fresh increase above the $41,000 resistance.

There was a break above a connecting bearish trend line with resistance near $41,050 on the hourly chart of the BTC/USD pair. The pair gained strength above the 50% Fib retracement level of the key drop from the $44,699 swing ..

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