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Bitcoin (BTC) Price Analysis for December 26

Mon, 12/26/2022 - 20:00
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Denys Serhiichuk
Do bulls have power to seize initiative in last week of year?
Bitcoin (BTC) Price Analysis for December 26
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By the end of the day, most of the coins are trading in the green zone.

Top coins by CoinMarketCap


Bitcoin (BTC) is looking worse than most of the altcoins, rising by only 0.34%.

BTC/USD chart by TradingView

The bearish impulse is clearly outlined on the hourly chart as the price cannot rise after the false breakout of the support level. In this case, the more likely scenario is a decline, followed by the test of the $16,760 zone soon.

BTC/USD chart by TradingView

On the daily time frame, the situation is unchanged as the price of Bitcoin (BTC) has not accumulated enough strength yet. At the moment, the interim support level is at $16,700.

DOGE and SHIB Price Analysis for December 25

If the candle fixes below it, the fall may continue to the $16,572 mark shortly.

BTC/USD chart by TradingView

Almost a similar picture is on the weekly chart, as the rate is trading within the previous bar. Now, it is too early to make any price projection as today is just Monday. However, if buyers cannot seize the initiative, traders may see the rate of BTC at around $16,500 within the next few days.

Bitcoin is trading at $16,816 at press time.

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About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at