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Bitcoin (BTC) Price Prediction for December 15
As we approach the end of the week and start a new month, it’s essential to assess the current market situation. Today, I’m going to share my thoughts on what might happen with Bitcoin prices in the next few days.
Before we dive into the specifics, let me remind you that all predictions are based on technical analysis and should not be considered as investment advice. Everyone who invests in cryptocurrencies should do their own research before making any decisions.
Now, about the recent market developments: it seems like Bitcoin has decided to consolidate within a narrow range of $101,600-$102,600. This is quite unexpected, considering the momentum we saw last week.
Looking at the bigger picture, I think it’s highly unlikely that we’ll see another major breakout before December 15. The rate of the main crypto has actually made a false breakout above yesterday’s bar peak of $102,638. If the daily close happens far away from this mark, there’s a good chance we might see a correction towards the $101,000 zone.
From a midterm perspective, Bitcoin is still far from significant levels. This means that traders should focus on the current candle closure in terms of its current peak. If that happens around these prices, I wouldn’t rule out a test of the $104,630 level as early as next week.
As we speak, Bitcoin is trading at $102,019.
Source: u.today
