CandleFocus

Bitcoin (BTC) Price Prediction for December 18

Author: Content Editor
The price of Bitcoin has decreased by almost 2% in the last day, with sellers returning to the market, according to CoinMarketCap. On the hourly chart, BTC experienced a false breakout of the local support level of $103,287. However, the daily bar closure near this level could indicate a further correction to the $102,000 area. On a larger time frame, Bitcoin is currently far from support and resistance levels, suggesting sideways trading between $104,000 and $106,000 is probable. In the midterm, attention should be paid to the weekly candle's closure around the $105,149 level, as a false breakout could result in a drop to the $100,000 zone. As of now, Bitcoin is priced at $104,807.

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