CandleFocus Bitcoin (BTC) Price Prediction for December 22
2024-12-22
Author: Content Editor
According to CoinMarketCap, bulls were unable to maintain their advantage in the crypto market by the end of the week. The price of Bitcoin has fallen by 0.54% since yesterday and 5.84% over the last week. Currently, the price is near a local resistance level of $97,248, and if a breakout occurs, it could reach $98,000 tomorrow. However, on a larger time frame, there is no domination from either side and significant movements are unlikely in the near future. From a midterm perspective, traders should monitor the weekly bar closure around the $97,092 level, as a significant deviation from this level could lead to a bounce back to the $100,000 area by the end of the month. As of now, Bitcoin is priced at $96,396.
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