Bitcoin

<div class="coinjournal">
 <ul>
 <li>Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.</li>
 <li>The flagship cryptocurrency’s market cap also cross above $850 billion.</li>
 <li>Analysts say a brief pullback is likely, though we could see prices rally to $47k-$48k.</li>
 </ul>
 Bitcoin (<a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a>) price broke past $43,000 on Tuesday afternoon, rising as high as $44,100 on major cryptocurrency exchange Coinbase. This follows the breakout to above $42k on Monday as the world’s largest digital asset by market capitalization continued to enjoy the latest bullish ride.
 <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> is up 5% in the past 24 hours and 14% in the past week, trading at around $43,800. Its market cap has reached $850 billion after seven consecutive weekly green candles. 
 According to data from Coinglass, more than $100 million in Bitcoin liquidations have occured in the past 24 hours, with over $80 million in shorts.
 <h2 id="span-style-font-weight-400-btc-hits-44k-but-is-a-pullback-due-span">BTC hits $44k, but is a pullback due?</h2>
 On Tuesday, the upsurge happened after a brief retreat from above $43k area, and with price hovering at this yearly high, it’s possible an extension could see buyers retest a crucial resistance level analysts have pointed out.
 According to crypto analyst Ali, a price correction for the benchmark cryptocurrency “is coming.”
 While the market may still rally higher, the analyst sees a potential pullback as highlighted by the TD Sequential indicator on both the daily and 3-day charts. The retreat could happen “within the next 7 to 48 hours,” Ali added, basing his prediction on the charts’ outlook.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 A #Bitcoin price correction is coming… The question is when?
 Well, the TD Sequential indicator suggests that a potential $<a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> price pullback could begin within the next 7 to 48 hours, based on the daily and three-day charts. 👀 pic.twitter.com/UwI1IMq4jo
 — Ali (@ali_charts) December 5, 2023
 </blockquote>
 
 If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-skyrockets-to-44-000-as-bulls-brush-bears-aside-tbt72710.html">https://thebittimes.com/bitcoin-skyrockets-to-44-000-as-bulls-brush-bears-aside-tbt72710.html</a>

Bitcoin skyrockets to $44,000 as bulls brush bears aside

Table of Contents

TheBitTimes

Other articles published on Dec 5, 2023

AI Tokens Record Losses Despite Market Pump! What’s Next For RNDR, INJ, And ROSE?

WOW EARN Unveils Layer 1 Blockchain, Redefining Efficiency and Global Accessibility (5 Dec)

The IRS intensifies crypto tax investigations – How much trouble are you in?

TokenFi (TOKEN) price jumps 48%: Here’s why its among today’s biggest gainers

Ark Invest continues to trim Coinbase holdings amidst market surge

EY’s Use of AI in Audit Fraud Detection Sparks Debate

Join our free newsletter for daily crypto updates!