{"id":24909,"date":"2023-12-05T19:30:11","date_gmt":"2023-12-05T19:30:11","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-skyrockets-to-44000-as-bulls-brush-bears-aside\/"},"modified":"2023-12-05T19:30:11","modified_gmt":"2023-12-05T19:30:11","slug":"bitcoin-skyrockets-to-44000-as-bulls-brush-bears-aside","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoin-skyrockets-to-44000-as-bulls-brush-bears-aside\/","title":{"rendered":"Bitcoin skyrockets to $44,000 as bulls brush bears aside"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/12\/bull-market-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.<\/li>\n<li>The flagship cryptocurrency\u2019s market cap also cross above $850 billion.<\/li>\n<li>Analysts say a brief pullback is likely, though we could see prices rally to $47k-$48k.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin (BTC)<\/a> price broke past $43,000 on Tuesday afternoon, rising as high as $44,100 on major cryptocurrency exchange Coinbase. This follows the <a href=\"https:\/\/coinjournal.net\/news\/ordi-hits-new-all-time-high-as-bitcoin-breaks-above-42k\/\">breakout to above $42k on Monday<\/a> as the world\u2019s largest digital asset by market capitalization continued to enjoy the latest bullish ride.<\/span><\/p>\n<p><span style=\"font-weight: 400\">BTC is up 5% in the past 24 hours and 14% in the past week, trading at around $43,800. Its market cap has reached $850 billion after seven consecutive weekly green candles. <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/www.coinglass.com\/LiquidationData\" target=\"_blank\" rel=\"noopener\">data<\/a> from Coinglass, more than $100 million in Bitcoin liquidations have occured in the past 24 hours, with over $80 million in shorts.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">BTC hits $44k, but is a pullback due?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">On Tuesday, the upsurge happened after a brief retreat from above $43k area, and with price hovering at this yearly high, it\u2019s possible an extension could see buyers retest a crucial resistance level analysts have pointed out.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to crypto analyst Ali, a price correction for the benchmark cryptocurrency \u201cis coming.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the market may still rally higher, the analyst sees a potential pullback as highlighted by the TD Sequential indicator on both the daily and 3-day charts. The retreat could happen \u201cwithin the next 7 to 48 hours,\u201d Ali added, basing his prediction on the charts\u2019 outlook.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">A <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> price correction is coming\u2026 The question is when? <\/p>\n<p>Well, the TD Sequential indicator suggests that a potential <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> price pullback could begin within the next 7 to 48 hours, based on the daily and three-day charts. \ud83d\udc40 <a href=\"https:\/\/t.co\/UwI1IMq4jo\">pic.twitter.com\/UwI1IMq4jo<\/a><\/p>\n<p>\u2014 Ali (@ali_charts) <a href=\"https:\/\/twitter.com\/ali_charts\/status\/1732092671638839299?ref_src=twsrc%5Etfw\">December 5, 2023<\/a><\/p>\n<\/blockquote>\n<p>If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-skyrockets-to-44000-as-bulls-brush-bears-aside\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened. The flagship cryptocurrency\u2019s market cap also cross above $850 billion. Analysts say a brief pullback is likely, though we could see prices rally to $47k-$48k. Bitcoin (BTC) [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":24910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24909"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=24909"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/24909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/24910"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=24909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=24909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=24909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}