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BTC, DOGE and SHIB Price Analysis for December 19

Sun, 12/19/2021 - 16:03
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Denys Serhiichuk
How great are the chances to see the bounceback of the crypto market by the end of the year?
BTC, DOGE and SHIB Price Analysis for December 19
Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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The last day of the week is rather more bullish than bearish as the majority of the coins are in the green zone.

Top coins by CoinMarketCap
Top coins by CoinMarketCap

BTC/USD

The rate of Bitcoin (BTC) has remained the same since yesterday, while the price change over the last week has accounted for -5.50%.

BTC/USD chart by TradingView
BTC/USD chart by TradingView

Despite yesterday's rise, Bitcoin (BTC) made a false breakout of $48,000, which means that bears are more powerful than bulls at the moment.

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However, from the mid-term point of view, sellers need to fix below the green support at $41,967 to start the bearish trend.

Bitcoin is trading at $46,998 at press time.

DOGE/USD

DOGE is the only coin from the list whose rate has increased over the last week, with a rise of 2%.

DOGE/USD chart by TradingView
DOGE/USD chart by TradingView

DOGE has not decided yet which way to go as neither bulls nor bears are dominating at the moment. Buyers need to come back to the zone of the most liquidity around $0.22 to restore the growth.

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But, if they fail to do that, there is a chance to once again see the retest of the support at $0.1310.

DOGE is trading at $0.1714 at press time.

SHIB/USD

SHIB is the biggest loser from today as the meme coin has fallen by 0.84% over the past 24 hours.

SHIB/USD chart by Trading View
SHIB/USD chart by Trading View

SHIB is slowly approving the important support zone at $0.00002952. If sellers can keep the fall and break this area, the prerequisites might arise for a sharp fall to the next level at $0.00002010. Such a scenario is relevant until the end of the year.

SHIB is trading at $0.00003144 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 denys.serhiichuk@u.today.