The post Bitcoin Price Analysis: Is BTC Price Heading Towards $45k or $40k in the Short Term? appeared first on Coinpedia Fintech News
The cryptocurrency market shows Bitcoin (BTC) consolidating in an ascending triangle pattern, following a significant bullish breakout in October. As of Wednesday, BTC is trading around $42,473, facing strong resistance at approximately $44,400.
Despite this resistance, the Bitcoin market has seen positive momentum, which can be attributed to increased institutional demand and a favorable global regulatory environment. This trend aligns with Bitcoin’s broader mission of banking the unbanked and positioning itself as a leading global reserve currency.
$BTC is currently Moving within an Ascending Triangle.
If it Bounces back from here, it could Potentially touch the $44.2k Resistance.#Crypto #Bitcoin #BTC pic.twitter.com/j3Q2tcqow4
— Captain Faibik (@CryptoFaibik) December 27, 2023
Crypto analyst Captain Faibik has closely monitored Bitcoin’s pr
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