Bitcoin Price Prediction, BTC Price Puzzle Leaves Investors on Edge
- Crypto markets brace for annual closure as Bitcoin consolidates healthily for the year-end.
- Declining volume and attention could eject BTC from a Santa rally, pushing the price to close the year below $45,000.
Bitcoin bounces off $44,500 resistance, retreats to $42,500 level.
According to Coingabbar Technical Analysis, BTC attempted to surpass the $44,500 resistance once more but faced another setback.
A potential upward move may commence if the pair maintains support at the $42,500 level.
Top cryptocurrencies remain in a tight range, showing uncertainty in the imminent trend.
BTC retests the Symmetric Triangle Pattern trendline on the 4-hour chart.
BTC is currently within the confines of an Ascending Triangle pattern.
Key question: Will BTC consolidate further or experience a breakout by year-end?
KEY LEVELS :
RESISTANCE LEVEL : $43,300-$43,700
SUPPORT LEVEL : $42,400-$41,700
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
