Tuesday, March 21, 2023
DIGESTWIRE
Contribute
CONTACT US
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
No Result
View All Result
DIGESTWIRE
No Result
View All Result
Home Blockchain

Bitcoin Price Prediction: BTC/USD Keeps Turning Bearish Below $48,000

DigestWire member by DigestWire member
December 17, 2021
in Blockchain, Crypto Market, Cryptocurrency
0
Bitcoin Price Prediction: BTC/USD Keeps Turning Bearish Below $48,000
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Bitcoin Price Prediction – December 17

You might also like

Core Scientific And Crypto Miners Agree To Settle WithEquipment Worth $20 Million

$1 Million For 1 Bitcoin Possible Says This Report, Here’s Why

Sushi and its ‘head chef’ receive SEC subpoena

The Bitcoin price extends the bearish movement below $47,500 after numerous trials to sustain gains above $48,000.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $52,000, $54,000, $56,000

Support Levels: $43,000, $41,000, $39,000

Buy Bitcoin Now

BTC/USD falls below the 9-day and 21-day moving averages as the first digital asset embarks on a support smashing exercise after touching the daily high of $48,000. However, across the market, the bearish control is seen with other cryptos posting similar losses.

Bitcoin Price Prediction: Bitcoin (BTC) Prepares to Drop More

At the time of writing, the Bitcoin price is hovering at $47,168.55 with an intraday loss of 0.98%. As reveals by the daily chart, traders may note that the prevailing trend is bearish and the king coin is likely to consolidate in a bearish flag pattern. Meanwhile, a breakdown below the lower boundary of the channel is likely to add more pains to the coin. Should this happened, BTC/USD is expected to hit the critical support levels at $43,000, $41,000, and $39,000.

Moreover, should the Bitcoin price returns above the 9-day moving average; the price could rise towards the vital resistance level of $65,000. A further bullish drive could push the price to $52,000, $54,000, and $56,000 resistance levels. On contrary, the technical indicator Relative Strength Index (14) is showing a continuous bearish, suggesting that the market may remain at the downside.

BTC/USD Medium – Term Trend: Bearish (4H Chart)

According to the 4-hour chart, the Bitcoin price remains below the 9-day and 21-day moving averages, bringing its price to trade around $46,973. Meanwhile, should the price drop and face the lower boundary of the channel, it could reach the support level at $46,000 and below.

Moreover, if the bulls push the coin above the 9-day and 21-day moving averages, the Bitcoin price could hit the resistance level of $48,000 and above. At the moment, the market may continue to experience more downtrends as the technical indicator Relative Strength Index (14) is likely to cross below 40-level.

Looking to buy or trade Bitcoin (BTC) now? Invest at eToro!

Buy Bitcoin Now

68% of retail investor accounts lose money when trading CFDs with this provider

Read more:

  • How to buy Bitcoin
  • How to buy Cryptocurrency

Read Entire Article
Tags: BlockchainCoin Surgesinsidebitcoins
Share30Tweet19
DigestWire member

DigestWire member

Recommended For You

Blockchain

Core Scientific And Crypto Miners Agree To Settle WithEquipment Worth $20 Million

March 21, 2023
$1 Million For 1 Bitcoin Possible Says This Report, Here’s Why
Blockchain

$1 Million For 1 Bitcoin Possible Says This Report, Here’s Why

March 21, 2023
Sushi and its ‘head chef’ receive SEC subpoena
Blockchain

Sushi and its ‘head chef’ receive SEC subpoena

March 21, 2023
Next Post
5 Dex Coins to Buy for High Profits – December 2021 Week 3

5 Dex Coins to Buy for High Profits – December 2021 Week 3

Litecoin Price Prediction: LTC/USD In a Tight Range; Price Drops Below $150

Litecoin Price Prediction: LTC/USD In a Tight Range; Price Drops Below $150

Bringing cosmological concepts to digital space: Metaverse vs. Multiverse vs Omniverse

Bringing cosmological concepts to digital space: Metaverse vs. Multiverse vs Omniverse

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

‘Fight Club’ Original Ending Is Restored on Chinese Streaming Video Site

‘Fight Club’ Original Ending Is Restored on Chinese Streaming Video Site

1 year ago
Scammers who conned 245 people out of millions in pension savings jailed

Scammers who conned 245 people out of millions in pension savings jailed

11 months ago
Pink Lipstick! Queen Elizabeth Makes Her Platinum Jubilee Debut at Trooping the Colour

Pink Lipstick! Queen Elizabeth Makes Her Platinum Jubilee Debut at Trooping the Colour

10 months ago
Drug Prices Haven’t Been Going Up

Drug Prices Haven’t Been Going Up

1 year ago

Categories

  • Blockchain
  • Breaking News
  • Business
  • Cricket
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Football
  • Health Care
  • Opinion
  • Politics
  • Sports
  • Strange
  • Technology
  • UK News
  • US News
  • World

Topics

101greatgoals Bangordailynews Bitcoin Bitcoinist Bitcoinmagazine Blockchain Blockonomi Breaking News Business BuzzFeed Celebrity News Coin Surges Cointelegraph Cricket Cryptoslate Defense Entertainment espncricinfo Health Care insidebitcoins newsbtc Opinion Politico Skynews Sports Strange Techcrunch Technology UK US USMagazine Variety World WSJ - Wall Street Journal
No Result
View All Result

Highlights

Pete Wentz: I Felt Like ‘A Bomb Had Gone Off’ Amid Ashlee Simpson Divorce

13 Small But Brilliant Details About Taylor Swift’s Eras Tour That I’m Obsessed With

Stylist Law Roach Says He Announced His Retirement Before Talking to Zendaya

Matt Damon Gets New Touching Tattoo in Honor of His Late Father: Details

‘Unspoken’ Triumphs at Series Mania Forum’s Co-Pro Pitching Sessions

The Film Collaborative Boards Sex Work Documentary ‘Labor’ as Film Screens at CPH:DOX (EXCLUSIVE)

Trending

Halle Bailey Says The Racist Backlash Towards Her “Little Mermaid” Role Came As A Shock At First
Entertainment

Halle Bailey Says The Racist Backlash Towards Her “Little Mermaid” Role Came As A Shock At First

by DigestWire member
March 21, 2023
0

"Seeing the world’s reaction to it was definitely a shock."View Entire Post ›

Kelly Ripa and Mark Consuelos’ Relationship Timeline

Kelly Ripa and Mark Consuelos’ Relationship Timeline

March 21, 2023
Denim for Days! 17 Stylish Jean Skirts Trending This Season

Denim for Days! 17 Stylish Jean Skirts Trending This Season

March 21, 2023
Pete Wentz: I Felt Like ‘A Bomb Had Gone Off’ Amid Ashlee Simpson Divorce

Pete Wentz: I Felt Like ‘A Bomb Had Gone Off’ Amid Ashlee Simpson Divorce

March 21, 2023
13 Small But Brilliant Details About Taylor Swift’s Eras Tour That I’m Obsessed With

13 Small But Brilliant Details About Taylor Swift’s Eras Tour That I’m Obsessed With

March 21, 2023
DIGEST WIRE

DigestWire is an automated news feed that utilizes AI technology to gather information from sources with varying perspectives. This allows users to gain a comprehensive understanding of different arguments and make informed decisions. DigestWire is dedicated to serving the public interest and upholding democratic values.

Privacy Policy     Terms and Conditions

Recent News

  • Halle Bailey Says The Racist Backlash Towards Her “Little Mermaid” Role Came As A Shock At First March 21, 2023
  • Kelly Ripa and Mark Consuelos’ Relationship Timeline March 21, 2023
  • Denim for Days! 17 Stylish Jean Skirts Trending This Season March 21, 2023

Categories

  • Blockchain
  • Breaking News
  • Business
  • Cricket
  • Crypto Market
  • Cryptocurrency
  • Defense
  • Entertainment
  • Football
  • Health Care
  • Opinion
  • Politics
  • Sports
  • Strange
  • Technology
  • UK News
  • US News
  • World

© 2020-23 Digest Wire. All rights belong to their respective owners.

No Result
View All Result
  • Home
  • World
  • UK
  • US
  • Breaking News
  • Technology
  • Entertainment
  • Health Care
  • Business
  • Sports
    • Sports
    • Cricket
    • Football
  • Defense
  • Crypto
    • Crypto News
    • Crypto Calculator
    • Blockchain
    • Coins Marketcap
    • Top Gainers and Loser of the day
    • Crypto Exchanges
  • Politics
  • Opinion
  • Strange
  • Contribute!

© 2023 Digest Wire - All right reserved.

Privacy Policy   Terms and Conditions

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.