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Bitcoin (BTC) Price Prediction for December 12
As the market continues to evolve and unfold, it appears that the recent upward momentum is not about to slow down anytime soon. According to Denys Serhiichuk, a renowned trader with over five years of trading experience, the current scenario presents an extremely bullish signal.
In his latest analysis, he highlights the significance of the daily bar closure, which has moved far from the $100,767 level. This development is likely to continue its upward movement towards the $102,000 area, indicating a strong potential for growth in the near future.
The bigger time frame also supports this bullish outlook, as traders should focus on the bar closure at the $102,098 level. If this breakout occurs, it could potentially generate enough energy for a test of the all-time high within the next few days.
In terms of the midterm perspective, the situation remains equally positive. According to Denys Serhiichuk’s analysis, if the weekly candle closes near the $103,647 level, traders may witness its breakout, which would likely be followed by further gains for Bitcoin.
As of press time, Bitcoin is trading at around $101,335, indicating that there are still significant opportunities for profit in the current market.
Source: u.today
