Bitcoin’s price has stayed relatively constant as of December 21 and is currently trading about $16,800. BTC has moved between a high and low of $16,858 and $16,413 over the past day, seeing a tiny increase of 0.21%. The price of BTC has dropped by around 2.5% during the last week.
Today Bitcoin Price
| DATE | BTC | USD |
|---|---|---|
| Today | 01 | $16,769.88 |
Bitcoin Price Prediction
The price of bitcoin is at $16,810, and $22 billion worth of transactions take place every day. In the previous day, the BTC/USD pair increased by around 0.30%.
The price of Bitcoin has increased again to the $16,700 trading range after falling below the $16,300 level. At this time, the price of $16,800 is the immediate level of resistance for Bitcoin, and any closing prices below this mark may portend a bearish trend.
The immediate level of support for Bitcoin is $16,250 or $16,100, and a bearish break of this level might expose it to a price as low as $15,650.
The MACD and RSI indicators show a mixed bias in the market at the moment. The market is oversold, according to the RSI, but there may be upward momentum, according to the MACD. It could be challenging to forecast the direction of the market trend given these conflicting signs.
Last but not least, the closing of candles below the 50-day simple moving average raises the possibility that the decline may persist.
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