In the short term, the price of Bitcoin is likely to continue its consolidation within the range of $40,500-$44,200. Although the cryptocurrency recently attempted a bullish breakout and reached $44,280, sellers managed to push the price back to $43,400. However, there is a possibility that the price of Bitcoin may resume its upward movement and retest the level of $44,800. That being said, it is uncertain whether reaching a new high will lead to a further increase in the price of Bitcoin. The situation on world markets, including the performance of US stocks, could also have an impact on the price of Bitcoin.
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Bitcoin News and Forecast for December 22, 2023
