Bitcoin Price Prediction, Will BITCOIN Soars Toward New Peaks

BITCOIN rises, breaches $43,500, faces resistance at $45,000.

• According to Coingabbar Technical Analysis, On December 18th, BTC found support at $40,500 and initiated an upward trend.

• The price encountered resistance around $43,500 but faced another obstacle, leading to a drop to $41,800.

• Recent developments include discussions on Bitcoin ETF, BlackRock, Nasdaq meeting with the SEC, contributing to a rise in BTC.

• Despite facing resistance, BTC breached the $43,500 hurdle and traded above $44,000 levels.

• A bullish candle formed on the daily chart, and BTC broke and closed above the Symmetric Triangle pattern.

• BTC is currently positioned close to the upper limit of the double bottom reversal range.

• If BTC successfully closes above the channel, a new high is anticipated with a rally towards $50,000.

• Conversely, if BTC fails to surpass $45,000, a sharp selling scenario may unfold, testing $42,000-$40,000 levels again.

KEY LEVELS :

RESISTANCE LEVEL : $44,200-$44,700

SUPPORT LEVEL : $43,300-$42,800

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.