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Bitcoin (BTC) Price Prediction for December 15
As of now, the cryptocurrency market is experiencing a range-bound trading action within $101,600-$102,600. In light of this, it’s more probable that consolidation will occur within this narrow range by tomorrow.
A close examination of the bigger time frame reveals that the rate of BTC has fabricated a false breakout of yesterday’s bar peak of $102,638. If the daily closure occurs far from that mark, traders can anticipate a local correction to the $101,000 zone.
Moreover, Bitcoin is trading at $102,019 as of press time.
In the midterm perspective, it’s clear that the rate of BTC is not close to the primary levels. As such, traders should focus on the candle closure in relation to its current peak. If this happens near the present prices, there is a chance of a test of the $104,630 level next week.
This article has been written by Denys Serhiichuk, a seasoned trader with more than 5 years of experience and expertise in both technical and fundamental market analysis.
Source: u.today
