Bitcoin

<ul>
 <li>The cryptocurrency market continued to surge, with Bitcoin surpassing the $44,200 range.</li>
 <li>Robinhood Markets Inc. expands commission-free trading, bringing over 25 cryptocurrencies, including Bitcoin and Ethereum.</li>
</ul>
The cryptocurrency markets have surged from a period of consolidation, showing an <a href="https://thenewscrypto.com/blackrock-and-bitwise-file-revised-spot-bitcoin-etf-applications/" rel="noopener noreferrer nofollow">upswing</a> since the commencement of the final quarter. Over the past few days, the crypto sphere witnessed the liquidation of more than $120 million in leveraged Bitcoin positions, propelling the BTC price beyond the $44,280 mark.&nbsp;
Additionally, Robinhood Markets Inc. is gearing up to introduce commission-free trading, aiming to revolutionize the market. Following its successful entry into the UK’s stock-broking arena, the platform is now set to empower European <a href="https://thenewscrypto.com/institutional-investors-bullish-on-bitcoin-as-per-bybit-research/" rel="noopener noreferrer nofollow">investors</a> by providing access to a diverse range of over 25 cryptocurrencies, including major players like Bitcoin and Ethereum. This strategic expansion aligns seamlessly with the recent surge in crypto prices.
<h3 class="wp-block-heading" id="h-will-btc-hit-50-000">Will BTC Hit $50,000?</h3>
Bitcoin’s price is currently scaling heights not witnessed since December 2021. On December 6th, BTC reached a more than <a href="https://thenewscrypto.com/bitcoin-eyes-retesting-44420-level-as-bulls-continue-severe-domination/" rel="noopener noreferrer nofollow">22-month high</a> of $44,282. At the time of writing, BTC is trading at $44,034 with a daily trading volume exceeding $26 billion. The past week has seen a 16.5% surge in the BTC price, marking a significant 166% increase year-to-date.
Delving into technical and market analysis, Bitcoin is currently encountering crucial resistance around the lower $44,000 range. Key support levels have been identified at $43,300, with significant resistance looming at $45,650.&nbsp;
If the trend continues, BTC may reach $44,700, and a sustained bullish trend could propel it even further to the coveted $50,000 mark. Conversely, in the event of a reversal in the current trend, Bitcoin’s price may find initial support at $43,300, followed by subsequent support levels at $42,906 and $41,637.&nbsp;
Further, anticipation surrounds the imminent occurrence of the first weekly Golden Cross for Bitcoin, a phenomenon widely believed to catalyze a fresh upward trend in the coming days.

Bitcoin Crosses $44k Amidst Golden Cross Buzz. What’s Next?

Table of Contents

TheNewsCrypto

Other articles published on Dec 7, 2023

The Movement of Balinas in RNDR Distribution

Crypto Pundit Reveals Why Bitcoin Is Worth As Much As $17 Million

Canadians allocate over $1b in WonderFi’s two crypto exchanges

Crypto Strategist Flips Bullish on Gala, dYdX and One Red-Hot Altcoin – Here’s His Outlook

Bitcoin’s massive rally wiped out $6b in short positions in 2023

Samourai Wallet Accuses Ocean of BTC Censorship

Join our free newsletter for daily crypto updates!