
Bitcoin Price Prediction for December 28
A recent update from a popular cryptocurrency analyst has shed light on the current market situation and offered insights into potential future price movements of Bitcoin (BTC). According to the analysis, there are two possible scenarios that could play out in the near term.
On the shorter time frame, the prediction suggests that buyers may attempt to push the price up to $95,000 by the end of the week. If this happens, it would be a significant breakthrough for the asset.
However, a less optimistic outlook is also being presented on the bigger time frames. Should buyers fail to regain control and push the price above $94,000, there is a risk that the market may see a decline. In such an event, the nearest support level of $92,092 could be tested.
The analyst emphasized that these predictions are based on current market conditions and should not be taken as investment advice. Traders are encouraged to conduct their own research and make informed decisions before investing in any asset.
In related news, Bitcoin’s current price is hovering around $94,544 at the time of writing.
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Source: u.today