Technical analysis by Elena_Aurora about Symbol BTC: Buy recommendation (12/25/2023)

Hello wealthy traders! Currently, the price of Bitcoin is trading steadily below the resistance level of $44,000. It seems that the bearish movement is operating around that area and pushing the price down. If Bitcoin fails to surpass the $44,000 resistance zone with this consolidation, it could continue moving downwards towards the $36,000 region. At the time of writing, the price is trading around $43,181 and maintaining an upward trend on a weekly timeframe. It is expected that the price will continue to rise, with the anticipated peak of this upward movement reaching $50,000. After that, it may experience a correction to the aforementioned level. What is your perspective? Do you agree with Elena's analysis?Trade active