CandleFocus

Bitcoin (BTC) Price Prediction for December 20

Author: Content Editor
The crypto market is experiencing a correction, with Bitcoin's rate dropping by 8% in the past 24 hours. The hourly chart shows a false breakout of the local support level at $92,502, but if the daily bar closes far from it, there could be a bounce back to the $96,000 mark. Traders should pay attention to the nearest support at $92,092, as a candle's closure near it could lead to a breakout and further correction to the $90,000 range. From a midterm perspective, if the weekly bar closes around $92,000, there may be a decline towards the $85,000-$90,000 area by the end of the month. Bitcoin is currently trading at $96,688.

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