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Futures
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Alpha Points
NEW
Trade on-chain assets and enjoy airdrop rewards!
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NEW
Earn futures points and claim airdrop rewards
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Earn interests with idle tokens
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Auto-invest on a regular basis
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Pledge one crypto to borrow another
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Customized wealth management empowers your assets growth
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Customized asset management to grow your digital assets
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Top asset management team helps you profit without hassle
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Stake cryptos to earn in PoS products
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HOT
Stake BTC and earn 10% APR
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Bitcoin (BTC) Price Analysis for December 24
Source: CryptoNewsNet Original Title: Bitcoin (BTC) Price Analysis for December 24 Original Link: https://cryptonews.net/news/bitcoin/32184931/ The cryptocurrency market is going down today.
BTC/USD
The price of Bitcoin (BTC) has declined by 0.38% over the last 24 hours.
On the hourly chart, the rate of BTC is rising after a false breakout of the local support of $86,718. If buyers can hold the gained initiative, one can expect a test of the resistance by tomorrow.
On the longer time frame, the situation is less bullish. The price of the main crypto is far from key levels, which means neither buyers nor sellers have enough energy for a sharp move.
This is also confirmed by the falling volume. In this case, sideways trading in the range of $86,000-$89,000 is the most likely scenario.
From the midterm point of view, the picture is similar. As none of the sides is dominating, traders are unlikely to see increased volatility for the rest of the month.
Bitcoin is trading at $87,306 at press time.