If Bitcoin(BTC) Price is at $43,000, What May Happen Next? A Jump to $45K or Plunge to $40K?

It’s a new trend followed by the Bitcoin price by consolidating hard within narrow levels before smashing higher levels. However, a couple of accumulations have also resulted in a breakdown from the current levels too. And hence the current trend appears to be pretty misty as both the upper and lower target appears to be achievable. 

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When Can We Expect Bitcoin(BTC) Price to Hit $45,000?

It is not the first time where-in the BTC price has smashed the upper target of around $45,000 in recent times. However, each time the bears restricted the price immediately as the asset traded above $45,000. And hence dragging the price towards the lower support. Yet some factors may help the BTC price to smash and sustain above $45,000. 

• The $44,500 levels are extremely crucial for the rally and hence if the asset needs to barge-in to $45,000, then the asset needs to achieve and consolidate along these levels for a couple of days. 

• Yet the $45,000 could be pretty achievable and a small consolidation just above $45,000 could ignite a strong uptrend leaving no room for the bears to enter the ring

• The BTC price chart is extremely bullish as it has formed a bullish flag but technically, the asset is due for a short-term pullback as buyers are exhausted a bit. 

Once the Bitcoin price sustains the $45,000 price zone comfortably, to validate the uptrend, the asset needs to break out from the downtrend resistance band. As per a popular analyst, the band also known as the uptrend support band spreads in between $43,564 and $46,265. 

As said by the analyst, slicing through these levels may eventually assist the Bitcoin(BTC) price rally to test the much-awaited top at $50,000. However, these are extremely fragile zone which may make the price extremely volatile. As many have jumped in at this stage and could make an exit as the price hit $50,000. And hence until and unless the BTC price sustains above $50,000, a bull run or to be specific an uptrend may not be confirmed.