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Bitcoin (BTC) Price Prediction for December 24
By Denys Serhiichuk
As the holiday season comes to a close, traders should be cautious of any potential price movements in the cryptocurrency market. According to recent data and trends, I believe that Bitcoin’s support will be tested tomorrow.
On the bigger time frame, we can see that the bears are likely to fail in maintaining the decline after a previous bearish bar closure. This indicates that there is not enough energy accumulated yet to reverse the current trend. As such, sideways trading between $94,000 and $100,000 seems like the most plausible scenario for now.
However, traders should be prepared for potential price action as we enter tomorrow’s trading session. If the support does get tested, it could lead to a significant price blast above $100,000, potentially reaching new highs in the near future.
It is essential for investors to keep an eye on market developments and adjust their strategies accordingly.
Source: u.today
