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**Bitcoin (BTC) Price Prediction for December 17**
According to my analysis, the current price of $104,807 may indicate a possible correction if it happens near the mentioned mark. If so, there’s a chance to see a further correction to the $102,000 area.
On a bigger time frame, the price of the main crypto is far from support and resistance. If the situation doesn’t change by the end of the day, ongoing sideways trading in the narrow range of $104,000-$106,000 is the more likely scenario.
From the midterm point of view, one should focus on the weekly candle’s closure regarding the $105,149 level. If a false breakout occurs, there’s a possibility to see a drop to the $100,000 zone.
In conclusion, it seems that Bitcoin is unlikely to experience significant price movements in the near future.
Source: u.today
