Bitcoin

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The bullish trend might not have ended yet, according to <a href="https://u.today/shib-price-analysis-for-december-5" rel="noopener noreferrer nofollow">CoinMarketCap</a>. <img data-entity-type="file" data-entity-uuid="96836258-6e0a-44f7-9520-52c1180361a2" src="https://u.today/sites/default/files/inline-images/top10_815.png">Top coins by<a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow"> CoinMarketCap</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) remains one of the biggest gainers, rising by 5.28%. <img data-entity-type="file" data-entity-uuid="599e8747-f7f0-4b6e-a539-fed01e35d5b0" src="https://u.today/sites/default/files/inline-images/btc1_156.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
Despite today's rise, the price of BTC keeps looking bullish on the hourly chart. Traders should focus on the nearest resistance of $44,349. If the bar closes near it, growth is likely to continue to $44,500 soon. <img data-entity-type="file" data-entity-uuid="fa12f3a7-81e6-4e22-87ce-7f06836022f5" src="https://u.today/sites/default/files/inline-images/btc2_138.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the bigger time frame, yesterday's high bar plays a key role in terms of further price moves.&nbsp;
As there are no bearish signals yet, the breakout, followed by a blast to $45,000 is the more likely scenario for the next days. <img data-entity-type="file" data-entity-uuid="1e687922-9467-41aa-a4e4-326cf518b2d6" src="https://u.today/sites/default/files/inline-images/btc3_137.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the rate of BTC is far from the resistance of $48,200. However, if the candle closes with no long wick, there is a high possibility to expect a test of that level this month.
Bitcoin is trading at $44,235 at press time.

Bitcoin (BTC) Price Analysis for December 6

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