Advertisement
AD

Main navigation

Bitcoin (BTC) Price Analysis for December 30

Advertisement
Sat, 30/12/2023 - 18:00
Bitcoin (BTC) Price Analysis for December 30
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Sellers are back in the game, according to CoinStats.

Advertisement
Article image
BTC chart by CoinStats

BTC/USD

The price of Bitcoin (BTC) has fallen by 2.23% since yesterday. Over the last week, the price has fallen by 4.4%.

Article image
Image by TradingView

Despite today's fall, the rate of BTC has made a false breakout of the local support at $41,554. If the daily bar closes far from that mark, traders can expect a test of the $42,000 zone.

Article image
Image by TradingView

On the bigger time frame, traders should pay attention to the interim level of $41,600. If a breakout happens, the drop may continue to the support at $40,181. Such a scenario is relevant for the upcoming week.

Article image
Image by TradingView

On the weekly chart, BTC's candle is about to close within the previous bar. It means that neither bulls nor bears have seized the initiative yet.

Related

All in all, sideways trading between $41,000 and $43,000 is the more likely scenario.

Bitcoin is trading at $41,899 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD