Bitcoin Skyrockets to $44,000 As Bulls Brush Bears Aside

Coinjournal2023-12-06

Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.The flagship cryptocurrency’s market cap also cross above $850 billion.Analysts say a brief pullback is...

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This follows the breakout to above $42k on Monday as the world’s largest digital asset by market capitalization continue","collect":0,"end_time":0,"defaultTopTitle":"coinjournal.net","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"随着多头将空头推到一边，比特币飙升至44,000美元","themeId":"a391ff881f7f4c4698e552d7ec771594","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Bitcoin price rose to a high of $44,100 on Coinbase on Tuesday as bullish sentiment strengthened.The flagship cryptocurrency’s 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) price broke past $43,000 on Tuesday afternoon, rising as high as $44,100 on major cryptocurrency exchange Coinbase. This follows the breakout to above $42k on Monday as the world’s largest digital asset by market capitalization continued to enjoy the latest bullish ride.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.According to data from Coinglass, more than $100 million in Bitcoin liquidations have occured in the past 24 hours, with over $80 million in shorts.BTC hits $44k, but is a pullback due?On Tuesday, the upsurge happened after a brief retreat from above $43k area, and with price hovering at this yearly high, it’s possible an extension could see buyers retest a crucial resistance level analysts have pointed out.According to crypto analyst Ali, a price correction for the benchmark cryptocurrency “is coming.”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 “within the next 7 to 48 hours,” Ali added, basing his prediction on the charts’ outlook.If Bitcoin continues higher, it could target the $47k-$48k area, which is a key resistance zone.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1115443099"}