Bitcoin bulls charge to $44K as week-to-date BTC price gains pass 10% - Enancial

Bitcoin is leaving naysayers behind in classic bull run style, with BTC’s price arriving at multi-year resistance.

Bitcoin (BTC) clipped $44,000 later on Dec.

*BTC/USD 1-hour chart. Source: TradingView*

Bitcoin applies more pressure to bears

Data from Cointelegraph Markets Pro and TradingView followed a fresh round of upside for Bitcoin as it outpaced altcoins to reach $44,011 on Bitstamp.

Taking week-to-date gains to 10%, this marked its highest levels since early April 2022 and represented a key challenge to significant resistance.

As noted by popular trader and analyst Rekt Capital, $44,000 constitutes the high point of a range that has occurred several times since early 2021.

“Bitcoin has successfully revisited the Range High resistance at ~$43900,” he continued in subsequent commentary on X (formerly Twitter).

“Bitcoin has a history of reclaiming the black level so it’s still a possibility that price could revisit the higher $40,000s. Important to watch for the retest in the meantime.”