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Bitcoin (BTC) Price Prediction for December 20
According to the latest market analysis by Denys Serhiichuk, a seasoned trader with over 5 years of experience, the current price of $96,688 could potentially lead to a bounce back or even a test of the $92,000 mark. This comes as a surprise given the recent market fluctuations.
Based on his prediction, if the weekly bar closes around $92,000, it may lead to the test of the $85,000-$90,000 area by the end of the month. This is in contrast to previous predictions that a decline below this level could lead to further losses.
However, it’s crucial to remember that market trends are inherently unpredictable and can change rapidly. Therefore, investors should be cautious when making decisions based on this prediction alone.
In addition to this forecast, traders should keep an eye out for support at $92,092 on the bigger time frame. If the candle closes near this level, it may signal a breakout followed by further correction towards $90,000.
In conclusion, while there is no guarantee that these predictions will come true, they offer a valuable perspective on the current market trends and potential outcomes.
Source: u.today
