Bitcoin Price Regains Strength – Why BTC Could Still Remain In Range Before 2024

Bitcoin’s price has shown signs of strength as it has found support above $43,000 and started to rise. However, it may face obstacles in clearing the resistance levels at $44,300 and $44,500. Bitcoin recently tested the $41,650 zone and began a new upward movement. The price is currently trading above $43,000 and the 100 hourly Simple Moving Average. A bearish trend line was broken with resistance near $43,350, suggesting a potential surge towards the main resistance at $44,300. If the resistance at $44,000 cannot be overcome, there is a possibility of a fresh decline, with immediate support at the $43,350 level. The next major support lies at $42,750, with the potential for further losses if it is breached. The article concludes by reminding readers that investing in Bitcoin carries risks and advises conducting thorough research before making any investment decisions.