Bitcoin (BTC) Price Analysis: Orbiting 44481 After 45000 Peak – 8 December 2023
Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair moderated following a nineteenth-month high around the 45000 figure. Stops were elected above the 42721.31 and 44481.98 levels during the ongoing appreciation, upside price objectives related to buying activity around the 15460 and 19568.52. Major Stops were also elected above the 43781.04 area, an upside price objective related to buying activity around the 24750 level. The fresh multi-month high around the 45000 figure represented a test of the 45278.22 level, an upside price objective linked to historical upside advances around the 3858 area.
Additional upside price objectives include the 46105, 46487, and 49161 levels. Following the recent appreciation, areas of technical support and potential buying pressure include the 40256, 38998, 38028, 37321, and 35285 levels. Traders are observing that the 5
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