BTCUSD reaching high of 45507.645

BTCUSD reached a high of 45507.645 today 2 January beginning the year 2024

Bitcoin rose high today January 2 2024 reaching a high of 45507.645 based on the Ticktrader chart FXOpen

Price successfully crossed the upper band line, an indication of increasing market volatility

In the H1 timeframe, the uptrend appears to be weakening slightly, and a small body candle appears. Meanwhile, in the M5 timeframe, prices tend to be flat, and a Bollinger band squeeze appears, meaning market volatility is weak.

On the weekly timeframe, BTCUSD formed a long body bullish candle indicating a strong uptrend forming a new high.

Meanwhile in the monthly timeframe. The price started forming a bullish candle at the end of September 2023.

Could BTCUSD find an all-time high in 2024?