Bitcoin

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Most of the coins keep setting new local peaks, according to <a href="https://u.today/cardano-ada-price-analysis-for-december-7" rel="noopener noreferrer nofollow">CoinStats</a>. <img data-entity-type="file" data-entity-uuid="26f9ca4e-3dce-49e4-ac78-d01eab273982" src="https://u.today/sites/default/files/inline-images/top10_821.png">BTC chart by&nbsp;<a href="https://coinstats.app/coins/" rel="noopener noreferrer nofollow">CoinStats</a>
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has increased by 0.63% since yesterday. <img data-entity-type="file" data-entity-uuid="9515fa08-bc69-4670-b6cc-03c2fa1b58a7" src="https://u.today/sites/default/files/inline-images/btc%60.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of BTC is looking bullish as the rate is near the local resistance level of $44,039. If the daily bar closes near it, there is a high chance to see a breakout to the $45,000 zone over the weekend. <img data-entity-type="file" data-entity-uuid="6aae58aa-a1cb-4c2c-92c0-99adf4602f8f" src="https://u.today/sites/default/files/inline-images/btc2_140.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
If today's candle closes above $44,000, the rate of BTC can maintain in the <a href="https://u.today/bitcoin-btc-price-analysis-for-december-6-0" rel="noopener noreferrer nofollow">$44,500-$45,000 zone</a> soon. <img data-entity-type="file" data-entity-uuid="d44054a5-469b-4142-8151-35dce690b1e0" src="https://u.today/sites/default/files/inline-images/btc3_139.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/BTCUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the weekly time frame, one should focus on the current bar closure. If it happens with no long wick, the energy might be enough for a continued rise to the $46,00-$48,000 zone.
Bitcoin is trading at $43,974 at press time.

Bitcoin (BTC) Price Analysis for December 8

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