Bitcoin Price Prediction As Renewed Buying Hints a Rally to $48000

Bitcoin Price Prediction: Bitcoin, the largest cryptocurrency by market capitalization, has been on a notable recovery path since the beginning of December. Starting the month at $37,655, it has witnessed a substantial 18% increase, achieving a 20-month high of approximately $44,530. This positive trend was further validated when the Bitcoin price broke through the overhead trendline of an expanding channel pattern, signaling that buyers are gearing up to extend the uptrend.