Bitcoin (BTC) Price Prediction for December 7
12/07/2024 22:30
Has drop of Bitcoin (BTC) started yet?
Original U.Today article
Has drop of Bitcoin (BTC) started yet?
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The weekend has stared with ongoing buyer dominance, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has increased by 0.52% over the last 24 hours.
On the hourly chart, the price of BTC is going up after it has almost bounced off the local support of $99,121. If the growth continues, one can expect a test of the resistance level by tomorrow.
On the bigger time frame, one should pay attention to the daily candle closure in terms of the $99,800 level.
Related
If it happens far and above it, the growth may lead to a test of the $102,000 area soon.
A similar picture is on the weekly chart. If the bar closes with a long wick and around the current prices, bears may seize the initiative, which may lead to a correction to the $90,000 range.
Bitcoin is trading at $99,574 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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