December 27 Current Short, Medium, and Long-Term Bitcoin Technical Analysis! What’s the Target for BTC?

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• Bitcoin has broken the floor of a short-term uptrend channel, indicating initially a slower upward pace or the beginning of a more horizontal development.
• The price has risen strongly since the positive signal with the rectangular formation above the resistance of 32,309 points.
• Bitcoin shows a robust development in a long-term uptrend channel, indicating increased optimism among investors and signaling an ongoing uptrend.

Bitcoin’s price continues to trade in critical ranges: Current short, medium, and long-term technical analysis review for BTC!

Short-Term BTC Analysis

Bitcoin has broken the floor of a short-term uptrend channel, indicating initially a slower upward pace or the beginning of a more horizontal development. The currency is moving between support at 41,000 points and resistance at 44,200 points. A definitive breakout at one of these levels predicts a new trend. Positive volume balance strengthens the currency in the short term since there are buying prices on high-volume days and selling prices on low-volume days. Generally, the currency is considered slightly positive technically in the short term.

Medium-Term BTC Analysis

Bitcoin is in a medium to long-term uptrend channel. Rising trends indicate positive development for the currency and increased buying interest among investors. The price has risen strongly since the positive signal with the rectangular formation above the resistance of 32,309 points. Although the 40,282-point target has been met, the formation still signals a continuation in the same direction.

The currency is approaching the 44,000-point resistance, which could trigger a negative reaction. However, a breakout above 44,000 points would be a positive signal. Positive volume balance shows that buyers are aggressive and sellers are passive, strengthening the currency. The RSI curve shows a declining trend, indicating an early signal of a possible downward trend change for the price. Generally, the currency is considered positive technically in the medium term.

Long-Term BTC Analysis

Bitcoin shows a strong development in a long-term uptrend channel. This indicates increased optimism among investors and signals an ongoing uptrend. The price has risen strongly since the positive signal with the rectangular formation above the resistance of 32,309 points. Although the 40,282-point target has been met, the formation still signals a continuation in the same direction.

The currency has support between 31,000 points and resistance at 66,000 points. Positive volume balance shows that buyers are aggressive and sellers are passive, strengthening the currency. The RSI curve shows an upward trend, supporting the positive trend. Generally, the currency is considered positive technically in the long term.

Bitcoin Price

The current live Bitcoin price is $43,090, and the 24-hour trading volume is $26,277,834,133. Bitcoin has lost 0.15% in the last 24 hours. It holds the top position in the current CoinMarketCap ranking, with a live market cap of $842,912,932,125. There are 19,582,118 BTC in circulation, and the maximum supply is 21,000,000 BTC.