empty
05.12.2023 02:35 PM
BTC update for December 05, 2023 - Consolidation in progress

Technical analysis:

This image is no longer relevant

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.

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Recommendations for the Cryptocurrency Market on June 26

Bitcoin and Ethereum are demonstrating stable growth amid new forecasts regarding the number of interest rate cuts expected from the Federal Reserve this year. Another dovish stance from

Miroslaw Bawulski 09:19 2025-06-26 UTC+2

Bitcoin Aims For Continued Growth

Yesterday, Bitcoin continued its upward movement, driven by the notably softer tone of Federal Reserve Chair Jerome Powell regarding the future of interest rates. His cautious remarks — that

Jakub Novak 12:42 2025-06-25 UTC+2

BTC/USD Analysis on June 25, 2025

The wave pattern on the 4-hour BTC/USD chart remains generally clear. We observed a corrective downward formation that completed near the $75,000 level. After that, a strong upward movement began

Chin Zhao 12:32 2025-06-25 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 25

Bitcoin and Ethereum continued their rally yesterday, triggered by news of a ceasefire between Iran and Israel. Federal Reserve Chair Jerome Powell's dovish tone during his testimony in the House

Miroslaw Bawulski 09:33 2025-06-25 UTC+2

BTC/USD Now trying to reach the level of 106000. Tuesday, June 24, 2025.

1. Market Sentiment Summary. When yesterday President Trump softened his aggression against Iran, it eased the current world geopolitical tensions, causing several market players to start returning to risky assets

Arief Makmur 07:36 2025-06-25 UTC+2

Bitcoin and Ethereum Regain Strength

Bitcoin and Ethereum are showing strong performance. After holding the $100,000 level, large buyers returned to their usual activity and have already pushed BTC back to the $105,000 area. Ethereum

Jakub Novak 10:52 2025-06-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 24

Bitcoin and Ethereum surged sharply after news emerged that Iran and Israel might halt their exchanges of strikes. U.S. President Donald Trump announced yesterday that Iran and Israel had agreed

Miroslaw Bawulski 10:04 2025-06-24 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 23

Bitcoin and Ethereum plummeted following speculation that Iran might block the Strait of Hormuz and begin bombing U.S. oil tankers in retaliation for American strikes. This triggered a massive sell-off

Miroslaw Bawulski 09:07 2025-06-23 UTC+2

Trading tips for crypto market on May 20 (North American session)

Bitcoin and Ether performed well today in terms of buying following a pause in yesterday's bear market. Demand has returned to the cryptocurrency market, especially after geopolitical tensions eased somewhat

Miroslaw Bawulski 16:20 2025-06-20 UTC+2

Trading Recommendations for the Cryptocurrency Market on June 20

Bitcoin continued trading within a sideways channel, dropping to the $104,000 area yesterday before recovering to a more acceptable level of $104,500. Ethereum also showed no clear directional movement. Despite

Miroslaw Bawulski 09:24 2025-06-20 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.