Bitcoin Price Uptrend To Continue? These Could Be The Factors To Watch

Dec 15, 2023 04:00 am Cryptocurrency 142

Bitcoin price is attempting a fresh increase above the $42,200 level. BTC could surge once it clears the $43,350 resistance zone in the near term.

Bitcoin started a fresh increase above the $42,000 support zone.

The price is trading above $42,200 and the 100 hourly Simple moving average.

There is a key bullish trend line forming with support near $42,400 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 $43,350 resistance.

Bitcoin Price Aims Higher

Bitcoin price started a decent increase above the $41,500 level. BTC was able to clear the $42,000 resistance zone to enter a positive zone. The bulls were able to push the price above the $43,000 zone.

However, the price seems to be struggling near the $43,350 zone. A high was formed near $43,421 and the price is now consolidating gains. There was a ..

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