CandleFocus Bitcoin (BTC) Price Prediction for December 15
2024-12-15
Author: Content Editor
The bears continue to have more influence than the bulls in the crypto market, according to CoinMarketCap. The price of Bitcoin has increased by 0.42% in the past day and 2.89% in the past week. Currently, the price is trading sideways with low volume, suggesting a lack of buyer and seller activity. The most likely scenario is that Bitcoin will consolidate within the $101,600-$102,600 range by tomorrow. On the larger time frame, Bitcoin experienced a false breakout but may see a local correction to the $101,000 level if the daily close is far from the peak. Traders should pay attention to the candle closure in terms of its current peak, as a close around the current prices could signal a potential test of the $104,630 level in the next week. At present, Bitcoin is trading at $102,019.
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