FX.co ★ BTC update for December 05, 2023 - Consolidation in progress

Technical analysis:

BTC/USD has been trading sideways at the price of $41.900 and there is potential for the breakout mode.

In case of the upside breakout of the resistance at $42.300, there is the chance for the growth towards $43.000

In case of the downside breakout of the support at $41.300, there is the chance for the drop towards $40.400 and $40.000

Thee short-term trend is bullish and the momentum is to the upside.