Bitcoin price prediction has become pessimistic with the release of the Fed rate hike decision, which is boosting the US currency and eventually triggering a dip in BTC price. Before a downturn, the price of bitcoin rose as high as $18,400. BTC is currently trading close to a significant support level, and a rebound might occur if prices rise above $17,550.
As major cryptocurrencies crashed early on December 15, the market cap of all cryptocurrencies fell by 1.42% to $857.98 billion from the previous day. Over the past 24 hours, the total market volume for cryptocurrencies has decreased by 14.40% to $45.67 billion.
DeFi’s current 24-hour volume is $2.94 billion, or 5.49% of the overall crypto market’s 24-hour volume. Currently, the total 24-hour volume of the cryptocurrency market is $53.26 billion, or 99.53 percent of the total volume of all stablecoins.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $16,882.76 |
Bitcoin Price Prediction
The price of bitcoin is currently $17,725 and there are $26 billion worth of transactions every day. The price of BTC has decreased by over 0.20% since yesterday.
Even though it has surpassed a significant resistance level of roughly $18,150, Bitcoin is currently trading in the negative. Bitcoin, however, dropped below the $18,000 level after the Fed rate hike was announced. This suggests that the selling trend might persist.
Leading technical indicators suggest that Bitcoin’s price may increase after finishing the Fibonacci retracement at $17,440. These indicators include the relative strength index (RSI) and the moving average convergence divergence (MACD).
Around $18,125 represents the next significant level of resistance for Bitcoin, and a break over it might result in further increases and a price of $18,600.
On the down side, the price of BTC can find support at the level of $17,440. As a barrier in the past, this level is likely to support BTC’s upward trajectory. On the other hand, a bearish crossover below this area would cause the price of BTC to fall as low as $16,850.
[embedpost slug=”eth-price-prediction-todays-ehereum-price-17th-dec-2022/”]
