---
title: "Bitcoin (BTC) Price Analysis: Bounce Higher from 43072 – 10 December 2023"
url: https://diffcoin.com/bitcoin-btc-price-analysis-bounce-higher-from-43072-10-december-2023/
description: "Bitcoin (BTC) Price Analysis: Bounce Higher from 43072 – 10 December 2023 Bitcoin (BTC/USD) retained a positive technical bias early in the Asian session…"
published: 2023-12-10
updated: 2023-12-10
author: "Mila"
site: "Diffcoin"
---

# Bitcoin (BTC) Price Analysis: Bounce Higher from 43072 – 10 December 2023

**Bitcoin (BTC) Price Analysis: Bounce Higher from 43072 – 10 December 2023**

**Bitcoin (BTC/USD)** retained a **positive technical bias** early in the **Asian** session as the pair sought to build upon **upward momentum** that **intensified** around the **42846.53** area. **Bulls** added to **long positions** around the **43072** area when **BTC/USD tested** the **23.6% retracement** of the **appreciating range** from **36715.10** to **45000**. **Stops** were recently **elected above** the **42721.31** and **44481.98 levels** during the ongoing **appreciation**, **upside price objectives** related to **buying** activity around the **15460** and **19568.52** areas. The fresh multi-month **high** around the **45000 figure** represented a **test** of the **45278.22 level**, an **upside price objective** linked **to historical upside advances** around the **3858** area.

Additional **upside price objectives** include the **46105**, **46487**, and **49161 levels**, above which **Stops** are cited. Following the recent **appreciation**, areas of **technical support** and potential **buying pressure** include the **40256,** **38998**, **38028**, **37321,** and **35285 levels**. Traders are observing that the **50-bar MA (4-hourly)** is **bullishly indicating above** the **100-bar MA (4-hourly)** and **above** the **200-bar MA (4-hourly).** Also, the **50-bar MA (hourly)** is **bullishly** **indicating** **above** the **100-bar MA (hourly)** and **above** the **200-bar MA (hourly)**.

Price activity is nearest the **50-bar MA** (4-hourly) at **41452.03** and the **50-bar MA** (Hourly) **43641.17**.

**Technical Support** is expected around **37392.45/ 36720.55/ 35633.00** with **Stops** expected below.

**Technical Resistance** is expected around **46487.10/ 47108.16/ 48240.00** with **Stops** expected above.

On **4-Hourly** chart, **SlowK** is **Bearishly below SlowD** while **MACD** is **Bearishly below MACDAverage.**

On **60-minute** chart, **SlowK** is **Bearishly below SlowD** while **MACD** is **Bullishly above MACDAverage**.

Sally Ho’s Technical Analysis 
View Yesterday’s Trading Analysis

*Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.*

[Source link](https://cryptodaily.co.uk/2023/12/bitcoin-btc-price-analysis-bounce-higher-from-43072-10-december-2023)