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Bitcoin (BTC) Price Prediction for December 15
As the cryptocurrency market continues to navigate the complexities of its recent surge, experts are now focusing on the near-term prospects for Bitcoin’s price action. In a recent update, renowned crypto analyst Denys Serhiichuk has shared his insights on the possible trajectory of BTC/USD in the coming days.
According to his analysis, it is more likely that the market will enter a period of consolidation within a narrow range of $101,600-$102,600 by December 15. This prediction is based on the current trends and patterns observed in the market.
However, if the daily closure does not happen at or near this mark, there may be a chance of a local correction to the $101,000 zone. This would indicate a brief adjustment before the market continues its upward trajectory.
On a midterm perspective, Denys Serhiichuk highlights that the current price action is not close enough to any significant levels for now. As such, traders should focus on the candle closure in terms of its current peak. If it happens around these prices, there could be a possibility of testing the $104,630 level by next week.
As of press time, Bitcoin’s trading value stands at $102,019.
Source: u.today
