The post Bitcoin Price Prediction: BTC Price Could Reach $40,000 Not Before December 2023! appeared first on Coinpedia Fintech News
The crypto markets have begun to rise again! The global crypto market cap has surged back above $1.42 trillion as the Bitcoin price soared above $37,400. The star crypto, after the recent price jump, is approaching a crucial resistance. A breakout beyond these levels may further strengthen the prevailing upswing and eventually mark new highs before the end of the year 2023.
The BTC price has been failing constantly to surpass the resistance zone between $38,825 and $38,942 since it broke the resistance around $35,400. Besides, crypto has found a strong support base at the same levels as before, indicating a breakout could be on the cards. But will the Bitcoin price rise above $40,000 before the end of the month?
The BTC price in the short term has been trading within pre-determined levels but holding the ascending trend line. The volume is accumulating in favour of the bulls, and the RSI maintains a healthy upswing. Therefore, the price is believed to maintain a steady upswing and rise above the crucial resistance zone between $37,864 and $37,967 anytime from now. This may set up a strong base for the next price action.
The Bitcoin price prediction for 2023 is bullish, as the token could maintain a healthy upswing until the end. The token could initially make another attempt at rising and sustaining above $38,000 as the price is heading towards the range high around $37,991. Therefore, the upcoming weekend could be pretty crucial and may have a major impact on the yearly close.
