In the last week of 2023, the price of Bitcoin is expected to experience some volatility. It may encounter resistance around the $44,000 level during the American session, similar to the previous week. However, buyer activity could be limited due to the shortened working week and the Christmas holidays.
Additionally, the release of economic data, particularly the personal consumption expenditure (Core PCE), could impact investor expectations. If the data shows continued signs of slowing inflation, it may increase the likelihood of a rate cut by the Federal Reserve in 2024.
Overall, it is difficult to predict the exact movement of the Bitcoin price in the last week of 2023 due to various factors at play. Traders and investors should closely monitor market developments and news to make informed decisions.