
Bitcoin Price Prediction for December 20
As we approach the end of the year, it’s crucial to re-evaluate our previous predictions and adjust them according to the latest market trends. At the time of writing, Bitcoin is trading at $96,688.
In recent days, the cryptocurrency has demonstrated a strong upward trend, which could be an indicator that the correction may not have reached its end yet. Although this perspective doesn’t rule out a short-term pullback, there’s still room for growth before reaching the $100,000 mark.
Considering the chart pattern and the current market situation, it is essential to look at the nearest support levels. Traders should be aware that if the weekly bar closes around $92,000, we may see a further correction to the $90,000 range.
It’s also necessary to monitor potential resistance areas, including the $98,000-$99,000 range, as these could potentially act as barriers for future price growth.
Source: u.today