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Bitcoin’s Upward Price Journey – BTC to Hit New All-Time High (ATH) Value

Bitcoin (BTC) seems to be bullish as crushing the resistance levels to break through the last all-time high price value and hit $54 by the end of 2023.

ShahZaib Ahmed

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BTC price analysis article

Introduction

Bitcoin (BTC) started 2023 with the lowest price value of $14,547.65 and broke many resistance levels till today. The red phase of BTC is over now and through all this time, Bitcoin (BTC) has been the leading asset in the market. After a couple of years, BTC now seems to be bullish and going to break through the all-time high price and go beyond.

yearly graph of Bitcoin

Price Value

Bitcoin is currently trading at $44,333.57 and moving in an upward direction amid the fluctuating crypto market.  In the last two years, BTC’s price went below $20 and then bounced back and regained its momentum and now moving in the green line.

Statistical Data

BTC’s current price value fluctuates at $44,333.57 with a market cap of $44,333.57. Bitcoin’s total circulating supply in the market is 19,564,812 BTC with the last 24-hour trading volume of $23,813,792,450. If we look at the digits, we shall come to know that significant progress has been made by Bitcoin in the 4th quarter of 2023.

Price Analysis

Bitcoin, the leading crypto asset has left the red zone behind and seems bullish in the last couple of months. After a long time of bearish trend, BTC has regained its momentum and now trading at $44,333.57. November has played a very crucial role in the price value of Bitcoin and after rise and fall, BTC left the support level and rapidly moved upward.

monthly analysis of Bitcoin

Bitcoin’s lowest price in November 2023 touched $35,294.33 in the middle of the month and then bounced back. Afterwards, BTC is bullish and moving upward to achieve a new all-time high price value.

Price Prediction

The last all-time high price value was $68,789.63 in November 2021. After two years, Bitcoin started gaining value and now it is highly expected that Bitcoin (BTC) will wind up 2023 around $50k and cross $84k in the first quarter of 2024.

Conclusion

Apart from the fact that Bitcoin is highly volatile, BTC has been the leading digital asset of the crypto market. Careful analysis of the market can help you gain the maximum profit and this time Bitcoin (BTC) can be a valuable asset to boost your financial gains.

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