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Bitcoin Price on December 19-25 and beyond

Last week we mentioned that the technical scene gives all grounds for correction – Bitcoin rate dropped to $12K.

What happened

Last week we mentioned that the technical scene gives all grounds for correction. And it happened – Bitcoin rate dropped to $12K.

What’s next

BTC/USD pair shows a clear ‘sell’ signal: further drop to $10K, and if below this point, even to $5.8K, can be expected in the short-term. However, the traders are less active over holiday period, so the volatility can decrease, too.

Disclaimer

Our price analysis is for information purposes only. Please make the Bitcoin purchase and investment decisions independently at your own risk.

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