Bitcoin

<p>Since its spectacular rise on October 23rd, a day when it was flirting with $35,000, bitcoin has seen little decline. Today, the queen of cryptocurrencies surprised the community again by trading at $44,200. What can we expect from this change of pace?</p>
<h2 id="h-bitcoin-shatters-the-44-000-resistance">Bitcoin shatters the $44,000 resistance</h2>
<p>Our crypto analyst highlighted <strong><a href="https://www.cointribune.com/en/bitcoin-btc-consolidation-phase-underway-december-19-2023-crypto-analysis/" target="_blank" rel="noopener noreferrer nofollow">a disappointing bitcoin</a>, with a –5% pullback, in the second week of December</strong>. However, the recent U-turn of the flagship cryptocurrency did not go unnoticed by the entire community. Yesterday, December 19th, for example, BTC was trading around $43,100. A 7% increase was reported on the occasion.</p>
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is breaking out!<br><br>Can it make its way to $48,000? <a href="https://t.co/zmLCieC9tY" rel="noopener noreferrer nofollow">https://t.co/zmLCieC9tY</a> <a href="https://t.co/FxrnG3UnJd" rel="noopener noreferrer nofollow">pic.twitter.com/FxrnG3UnJd</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1737470687189622881?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 20, 2023</a>
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  Bitcoin on the way to $48,000?
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<p>In a recent post, <a href="https://cointelegraph.com/news/bitcoin-dominance-btc-price-attempts-44k-breakout" target="_blank" rel="noopener noreferrer nofollow">Cointelegraph</a> reported that <strong>bitcoin traded at $44,900 after the opening of Wall Street on December 20</strong> (Sources: Cointelegraph Markets Pro and TradingView). This suggests a strong comeback for the queen of cryptos which suffered <strong>a drop of around $40,000 at the beginning of the week</strong>. This has not failed to reignite the hope of an imminent bull run for some traders.</p> 
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<p>Jelle, whose tweet is displayed above, did not hesitate to set the target at $48,000. To him, BTC seems “<em>impatient to break out</em>” to the extent of pushing it to regain the support as a “shallow pullback”.</p>
<p>Analyst Matthew Hyland, on the other hand, is betting on <strong>rather modest new highs by the end of the year: $46,000.</strong></p>
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> now at the top of the range of the double bottom reversal<br><br>The price target if breakout confirms would be around $46.3k<br><br>Would need to break resistance at annual highs from earlier this month as well: <a href="https://t.co/5uOsI3wx3D" rel="noopener noreferrer nofollow">https://t.co/5uOsI3wx3D</a> <a href="https://t.co/vMkIMXNrnk" rel="noopener noreferrer nofollow">pic.twitter.com/vMkIMXNrnk</a></p>— Matthew Hyland (@MatthewHyland_) <a href="https://twitter.com/MatthewHyland_/status/1737469073137570140?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 20, 2023</a>
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  Another bitcoin bull run prediction
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Bitcoin at $48,000? The Leading Crypto Resumes Its Ascent

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