🔥👉 Bitcoin price forecast: BTC jumps to $43,700, soon to $46,000?

During the morning, Bitcoin is on the rise and is maintaining itself above the crucial threshold of $43,000. It is currently trading at $43,686, up 1.93% in the latest trading period.

🔥BTC remains stable at the $43,000 level. Above this price threshold, it could face resistance at $43,512, while the subsequent ones are located at $44,697 and $46,022.

If it breaks down, the support level at $42,159 could cushion the blow, while subsequent supports lie at $41,457 and $40,518.

Its relative strength index (RSI) stands at 66 indicating bullish momentum without entering overbought territory.

The 50-day EMA also reinforces this bullish outlook as it sits below Bitcoin's price at $42,300.

✨Furthermore, in the graph you can also see an ascending trendline starting from the minimum of $39,510 and this indicates that the upward momentum is destined to continue.

If Bitcoin manages to overcome the resistance at $43,512, it could record a further rise until testing subsequent resistances.