The post Bitcoin (BTC) Price Analysis for December 10 appeared on BitcoinEthereumNews.com. The majority of the coins are rising in the middle of the week, according to CoinStats. Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has increased by 1.57% over the last 24 hours. Image by TradingView On the hourly chart, the price of BTC is near the local support of $91,800. If a bounce off does not happen until tomorrow, traders may expect a level. breakout, followed by an ongoing correction to the $91,000 zone. Image by TradingView On the longer time frame, one should focus on the bar’s closure in terms of the $94,172 level. Until the rate is below that mark, there is still a chance to see a more profound drop.  You Might Also Like However, if the price fixes above the resistance, the accumulated energy might be enough for a blast to the $96,000-$98,000 range. Image by TradingView From the midterm point of view, none of the sides has enough strength for a sharp move. This is confirmed by the low volume. All in all, consolidation in the area of $91,000-$96,000 is the most likely scenario until the end of the month. Bitcoin is trading at $91,989 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-december-10The post Bitcoin (BTC) Price Analysis for December 10 appeared on BitcoinEthereumNews.com. The majority of the coins are rising in the middle of the week, according to CoinStats. Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has increased by 1.57% over the last 24 hours. Image by TradingView On the hourly chart, the price of BTC is near the local support of $91,800. If a bounce off does not happen until tomorrow, traders may expect a level. breakout, followed by an ongoing correction to the $91,000 zone. Image by TradingView On the longer time frame, one should focus on the bar’s closure in terms of the $94,172 level. Until the rate is below that mark, there is still a chance to see a more profound drop.  You Might Also Like However, if the price fixes above the resistance, the accumulated energy might be enough for a blast to the $96,000-$98,000 range. Image by TradingView From the midterm point of view, none of the sides has enough strength for a sharp move. This is confirmed by the low volume. All in all, consolidation in the area of $91,000-$96,000 is the most likely scenario until the end of the month. Bitcoin is trading at $91,989 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-december-10