Bitcoin (BTC) Price Prediction for December 13
12/13/2024 23:01
Has correction of Bitcoin (BTC) ended so far?
Original U.Today article
Has correction of Bitcoin (BTC) ended so far?
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Bulls are facing pressure from sellers, according to CoinStats.
BTC/USD
The rate of Bitcoin (BTC) has declined by 0.23% over the last 24 hours.
Despite today's drop, the price of the main coin is looking bullish on the hourly chart. If buyers can hold the gained initiative and the daily bar closes far from the $100,767 level, the upward move is likely to continue to the $102,000 area.
On the bigger time frame, one should focus on the bar closure in terms of the $102,098 level. If its breakout occurs, the accumulated energy might be enough for a test of the all-time high within the next few days.
From the midterm point of view, the situation is also bullish.
Related
If the weekly candle closes near the $103,647 level, traders may witness its breakout, followed by a further rise.
Bitcoin is trading at $101,335 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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