CandleFocus Bitcoin (BTC) Price Prediction for December 10
2024-12-10
Author: Content Editor
According to CoinStats, bulls may currently have the upper hand in the cryptocurrency market. The price of Bitcoin has dropped by 1.39% in the past day, and it is currently experiencing a downward trend after a false breakout at $98,159. If this trend continues, the price may test the $96,000 level by tomorrow. In the bigger picture, Bitcoin is trading within the range of yesterday's bar, indicating a lack of dominance by buyers or sellers. As a result, the most probable scenario is sideways trading between $95,000 and $99,000. In the midterm, traders should monitor the closure of the weekly bar and its impact on the previous candle low. If the price closes below $92,000, there may be further decline towards the $88,000 zone. At the time of writing, Bitcoin is valued at $96,963.
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