{"id":87897,"date":"2023-12-05T20:33:04","date_gmt":"2023-12-05T18:33:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87897"},"modified":"2025-09-13T14:40:26","modified_gmt":"2025-09-13T11:40:26","slug":"bitcoin-price-breaks-through-the-43500-level","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-price-breaks-through-the-43500-level\/","title":{"rendered":"Bitcoin price breaks through the $43,500 level"},"content":{"rendered":"<p>The first cryptocurrency has again shown solid growth, breaking through the $43,500 level.<\/p>\n<p><!--more--><\/p>\n<p>The chart below shows that the uptrend is accompanied by a surge in trading volumes:<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"432\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1h-2-1024x432.png\" alt=\"1h-2\" class=\"wp-image-221515\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/1h-2-1024x432.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/1h-2-300x126.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/1h-2-768x324.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/1h-2.png 1046w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly chart of BTC\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/x\/VigLOvQL\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, digital gold is trading around $43,700.<\/p>\n<p>\u201cAs usual,\u201d the Bitcoin rally has revived a broader market. However, none of the top-10 altcoins has yet outpaced the flagship in terms of growth:<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"634\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-675-1024x634.png\" alt=\"2-675\" class=\"wp-image-221518\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-675-1024x634.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-675-300x186.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-675-768x475.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-675.png 1273w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coingecko.com\/\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>According to CoinGlass, positions liquidated over the past 24 hours amount to $233.63 million, of which shorts account for more than $150 million.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"342\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGlass-1-1024x342.png\" alt=\"CoinGlass-1\" class=\"wp-image-221520\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/CoinGlass-1-1024x342.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGlass-1-300x100.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGlass-1-768x257.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGlass-1-1536x513.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/CoinGlass-1.png 1720w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.coinglass.com\/LiquidationData\">CoinGlass<\/a>.<\/figcaption><\/figure>\n<p>A user going by the handle Titan of Crypto outlined the expected Bitcoin price targets for the coming weeks \u2014 $48,800 and $50,900.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> $43,200 IMMINENT ! ??<\/p>\n<p>Next weekly targets are in the chart ?:<\/p>\n<p>\u25fd\ufe0f$43.2k <br \/>\u25fd\ufe0f$48.8k<br \/>\u25fd\ufe0f$50.9k <a href=\"https:\/\/t.co\/rppExCWNzg\">pic.twitter.com\/rppExCWNzg<\/a><\/p>\n<p>\u2014 Titan of Crypto (@Washigorira) <a href=\"https:\/\/twitter.com\/Washigorira\/status\/1732069848690131332?ref_src=twsrc%5Etfw\">December 5, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Micha\u00ebl van de Poppe, founder of MN Trading, expressed confidence in reaching the $50,500 level before <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-the-bitcoin-halving\">halving<\/a>, expected in April 2024.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is on his way to reach the $48.5-50.5K marker pre-halving.<\/p>\n<p>It has always done this in the previous cycles, seems likely we&#8217;ll see that again here.<\/p>\n<p>As long as it stays above $39K, then it&#8217;s great vibes. <\/p>\n<p>Chances of Bitcoin reaching $30K are getting very slim. <a href=\"https:\/\/t.co\/BMqyK6bA0u\">pic.twitter.com\/BMqyK6bA0u<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1732092508858089554?ref_src=twsrc%5Etfw\">December 5, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to analyst Rekt Capital, the current progress of the bull market stands at only 28.6%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> Bull Market Progress:<\/p>\n<p>\u2593\u2593\u2591\u2591\u2591\u2591\u2591\u2591\u2591\u2591 28.6%<a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/t.co\/54DJ05Ud4E\">pic.twitter.com\/54DJ05Ud4E<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1732093852255674460?ref_src=twsrc%5Etfw\">December 5, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The total market capitalization of cryptocurrencies stands at $1.65 trillion. Bitcoin dominance index is 51.3%.<\/p>\n<p>Earlier ForkLog experts <a href=\"https:\/\/u1f987.com\/en\/news\/experts-explain-the-drivers-of-bitcoins-rally\">shared their views<\/a> on the reasons for the current rally in digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin again posted solid gains, breaking through the $43,000 level.<\/p>\n","protected":false},"author":1,"featured_media":87898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480],"class_list":["post-87897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87897","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=87897"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87897\/revisions"}],"predecessor-version":[{"id":87899,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/87897\/revisions\/87899"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/87898"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=87897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=87897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=87897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}