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Play of the Day: Bitcoin (BTC/USD) Took a Chill Pill After Hitting 42K. Now What?

December 5, 2023| Forex Market

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December has been a GOOD month for bitcoin (BTC/USD), which hit monthly highs of $42K after starting the month just under the $38K mark.

If you’ve just tuned back to the crypto space, you should know that a combo of interest rate cut bets, anti-USD sentiment, and anticipation of bitcoin ETFs getting approved have pumped BTC/USD up the charts in the last couple of weeks.

The pair got extra extra attention this week after it hit new 2023 highs at $42K. Heck, those are levels not seen since April 2022!

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