Bitcoin (BTC) Price Prediction – December 12, 2020
Today, BTC/USD is struggling to push above the $18,800 high after recovering the $18,600 price level. Traders believe that when these price levels are regained, Bitcoin will resume the upside momentum. The reason for the price movement was because Bitcoin has remained stagnant and calm in the price range between $17,600 and $18,600.
Resistance Levels: $13,000, $14,000, $15,000
Support Levels: $7,000, $6,000, $5,000
The recent upward move is not unconnected with the news that MicroStrategy will be purchasing $650 million in the coming weeks and months. Today, Bitcoin has broken above the $18,800 high and approaching the $19,000 price level. On the other hand, Bitcoin dropped to $17,600 low, last week when the U.S dollar appreciated.Meanwhile, Bitcoin has risen to $19,000 at the time of writing. A retest at the $19,600 and $19,740 is likely. Meanwhile, BTC … Read more