Bitcoin Once Again Rebounds Above 44k | What else do investors want other than continued strength?

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Bitcoin started 2023 with just $16500 and recorded a growth of 45% in the first month of 2023 itself. Then after fluctuations throughout the year, Bitcoin experienced a significant rally, and the price increased by more than 150% by the end of 2023. Now If you look at it from an investor's point of view, this move was brilliant. Because for an investor every significant decline is like an opportunity to buy even cheaper. And then if we look at the trend of the last four months, there was no major continuous selling in Bitcoin.

What else can Bitcoin do to make you feel safe about your investments?

Source | Daily Time Frame Chart
Here Bitcoin has been trading in a range of around 4000-5000 points for the last one month. In which a fall of up to 7% was recorded due to some selling 3-4 times. But if you look at the prices on the chart, you will find that not a single day's selling continued into the next day and as a result, on that same day or the next, buyers overpowered the sellers and brought the prices back to the highs. You can also see long lower wicks and the structure of higher lows here which shows the stronghold of buyers. However, there is still no guarantee of price direction in the future. Since I am a technical analyst, there is nothing like hope trading for me. As long as the interest of buyers in Bitcoin remains intact (Which I don't think is going to decrease shortly) till then, I'm bullish on it.

Like I just said I make trading decisions based on technical analysis. So, from a technical point of view, because currently, the buyers in Bitcoin seem to be creating a powerful market, (Which can be understood by seeing that the price is sustaining above all the important levels) therefore, a new all-time high must be made in bitcoin in 2024.
To be precise as long as the daily close remains above 40K, Bitcoin will remain dominated by buyers. And in the upward journey, 48k 53k 58k and the current all-time high will be important areas.
And let me tell you that even if you are a long-term investor, price fluctuations near important levels can also help you strategise your position size.