Bitcoin Price Outperforms – Key Reasons Why Bulls Still Aim $48K

Dec 21, 2023 04:00 am Cryptocurrency 81

Bitcoin price is moving higher and recently broke the $43,500 resistance. BTC is still in a strong uptrend and might gain pace for a move above $45,000.

Bitcoin extended its increase and climbed above the $43,500 resistance zone.

The price is trading above $43,000 and the 100 hourly Simple moving average.

There is a connecting bullish trend line forming with support near $43,100 on the hourly chart of the BTC/USD pair (data feed from Kraken).

The pair could continue to move up if there is a close above $44,500 and $45,000.

Bitcoin Price Regains Strength

Bitcoin price remained stable above the $42,000 resistance zone. BTC gained bullish momentum and climbed above the $43,000 resistance zone. It even cleared the key $43,500 barrier.

Finally, the price tested the $44,300 level. A high is formed near $44,300 and the price is now correcting gains. There was a minor decline below the $44,000 level. The price dipped below the 23.6% Fib ..

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