The post Bitcoin (BTC) Price Prediction for December 12 appeared on BitcoinEthereumNews.com. The rates of most of the coins are rising again, according to CoinStatsThe post Bitcoin (BTC) Price Prediction for December 12 appeared on BitcoinEthereumNews.com. The rates of most of the coins are rising again, according to CoinStats

Bitcoin (BTC) Price Prediction for December 12

The rates of most of the coins are rising again, according to CoinStats.

BTC chart by CoinStats

BTC/USD

The price of Bitcoin (BTC) has gone up by 1.41% over the last 24 hours.

Image by TradingView

On the hourly chart, the rate of BTC is going down after a false breakout of the local resistance of $92,735. If the daily candle closes below that mark, the correction may lead to a test of the $90,500 zone by tomorrow.

Image by TradingView

On the longer time frame, the price of the main crypto is declining after a failed attempt to fix above the $94,172 resistance. 

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If the situation does not change by the end of the day, there is a high possibility of seeing an ongoing drop to the support of $88,156 soon.

Image by TradingView

From the midterm point of view, traders should pay attention to the bar’s closure in terms of the $94,172 resistance. If the bar closes far from that mark, traders may see a test of the interim zone of $85,000 next week.

Bitcoin is trading at $90,667 at press time.

Source: https://u.today/bitcoin-btc-price-prediction-for-december-12

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