Bitcoin Price Prediction for Today, December 22 – BTC Technical Analysis
Release: 2024/12/22 21:22 Reading: 593
Bitcoin Price Prediction
The Bitcoin price prediction suggests a possible decline, with BTC potentially reaching a new low of $95,000.
Bitcoin Price Data:
- Current Bitcoin price: $97,816
- Market capitalization: $1.92 trillion
- Circulating supply: 19.79 million
- Total supply: 19.79 million
- Coinmarketcap ranking: #1
Historical Performance:
Bitcoin (BTC) has experienced a remarkable rise since its inception, appreciating by over 199,280,707.22% since its all-time low of $0.04865 on July 14, 2010. It recently reached an all-time high of $108,268.45 on December 17, 2024. Despite a recent drop, Bitcoin's impressive journey highlights the potential of early crypto investments.
BTC/USD Long-Term Trend:
The BTC/USD daily chart indicates a bullish trend.
Key Levels:
- Resistance: $110,000, $115,000, $120,000
- Support: $85,000, $80,000, $75,000
Technical Analysis:
The $96,300 support level has proven resilient, indicating strong market acceptance. Bearish pressure has respected this support, confirming its strength. Maintaining a position above this level is bullish.
Price Prediction:
Technically, USD dominance has turned bullish, posing challenges for Bitcoin. While Bitcoin maintains an uptrend on the daily chart, the $99,000 resistance remains a significant barrier. Breaking above this level is crucial for a bullish trajectory. However, such a move seems unlikely in the near term, considering seasonal trading patterns and increased volatility during the holiday period. Bitcoin is more likely to trade sideways in the coming weeks.
A drop below the channel's lower boundary could lead to a decline towards previous supports at $85,000, $80,000, and $75,000. Conversely, a rebound from $97,816.06 could lead to resistance at $100,000, $105,000, and potentially $110,000, $115,000, and $120,000. The moving averages suggest a potential consolidation before a move southward.
BTC/USD Medium-Term Trend:
The 4-hour BTC/USD chart displays a descending channel, indicating bearish momentum.
Key Levels:
- Resistance: $105,000
- Support: $90,000
Technical Analysis:
The price is below both the 9-day and 21-day moving averages, indicating selling pressure. A breakout above $105,000, accompanied by a crossover of the moving averages, could signal a potential trend reversal. On the downside, a break below $90,000 could accelerate the bearish trend, targeting further lows.
Alternatives to Bitcoin:
Bitcoin is expected to consolidate within the $93,000–$99,000 range, with $93,000 acting as a strong support level. Wall Street Pepe, a rising crypto project, is gaining attention due to its engaging content and potential upside.
Recent news
More>- Homosexual Pepe Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- BTFD Presale Captivates Investors in the Best New Meme Coin Presales for Significant Returns as PEPE and SPX6900 Dominate the Scene Fuel the... 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Before Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- The Metrics Pointing to Massive Potential for WIF, JASMY, and PEPE in 2025 01-01
- BTFD Coin’s Presale is Unmissable Amid Pepe and Moo Deng’s Crypto Hype: Best Meme Coin Presales to Join This Week 01-01
- Homosexual Pepe (HOMOPEPE) Solana Memecoin to Rally 18,000% Ahead of Exchange Listing, While SHIB, BONK and DOGE Crash 01-01
- Crypto Gems for the Next Quarter: Top 5 Tokens to Watch 01-01
- Why $PEPE Jumped 20% Today And Which Coin Could Be Next 01-01
- Best New Meme Coins to Join for Short Term: BTFD Raises $4.7M in Presale as BONK Boasts Low-Cost Transactions and PEPE Enjoys Steady Followi... 01-01
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Missed Pepe Unchained? Don’t Worry, This New Pepe-Themed Meme Coin Will Produce Bigger Gains in 2025
- 8 Top 4 Altcoins At 70% Discounts – Last Chance!
- 9 Smart $Pepe trader makes $11.7M profit during Market Drop
- 10 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com