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Bitcoin (BTC) Price Prediction for December 20
By Denys Serhiichuk, Guest Writer for U.Today
As of press time, Bitcoin is trading at $96,688. As we approach the end of December, it’s essential to take a closer look at the current market situation and make predictions about the future price movement.
On the daily chart, we’re seeing a clear upward momentum in Bitcoin’s price action. The recent bounce back from the $91,000 region might have triggered some long positions by traders. However, as we head into the end of the month, I want to emphasize that the market sentiment is still heavily bearish.
If my analysis is correct, there could be a chance for a slight correction down to the $92,000 support level. A bounce back from this area could potentially drive Bitcoin prices up towards the $96,000 mark again.
However, if we see the weekly bar close around the mentioned $92,000, I wouldn’t rule out a decline to the $85,000-$90,000 range by the end of the month.
Source: u.today
