Bitcoin Price Prediction: BTC Price Could Reach $40,000 Not Before December 2023!

Bitcoin going upThe post Bitcoin Price Prediction: BTC Price Could Reach $40,000 Not Before December 2023!

The crypto markets have begun to rise again!

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.

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Hello, my name is Vincent Parks. I help novice traders and private investors. I write articles on trading / TA / trading psychology etc. For the past 3 years, I have been an account manager in a company that specializes in binary options. I have more than 5 years of professional experience in FX/crypto trading. My goal in life is to share my knowledge and experience with more people.