{"id":38530,"date":"2022-12-18T20:31:34","date_gmt":"2022-12-18T20:31:34","guid":{"rendered":"http:\/\/egrowonline.com\/?p=38530"},"modified":"2022-12-18T20:31:34","modified_gmt":"2022-12-18T20:31:34","slug":"bitcoin-btc-price-analysis-for-december-18","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=38530","title":{"rendered":"Bitcoin (BTC) Price Analysis for December 18"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>The cryptocurrency market is neither bullish nor bearish as some coins are in the <a target=\"_blank\" href=\"https:\/\/u.today\/doge-price-analysis-for-december-18\" rel=\"noopener\">green zone<\/a>, while others remain in the red.<\/p>\n<p><img decoding=\"async\" alt=\"Top coins by CoinMarketCap\" data-entity-type=\"file\" data-entity-uuid=\"88e05e1e-0606-47c1-9710-4d23120208f9\" src=\"https:\/\/news.google.com\/sites\/default\/files\/inline-images\/top10_162.png\" \/><\/p>\n<h2>BTC\/USD<\/h2>\n<p>The price of Bitcoin (BTC) has slightly risen since yesterday. Over the last week, however, the price has fallen by 2.56%.<\/p>\n<p><img decoding=\"async\" alt=\"BTC\/USD chart by TradingView\" data-entity-type=\"file\" data-entity-uuid=\"1f7cc6ee-fe28-4119-8350-ea134b4a07c9\" src=\"https:\/\/news.google.com\/sites\/default\/files\/inline-images\/btc1_62.png\" \/><\/p>\n<p>On the local time frame, Bitcoin (BTC) continues yesterday&#8217;s sideways trading, which is confirmed by declining volume. If bulls want to seize the initiative, they need to restore the rate to the $16,800 mark and fix it above.<\/p>\n<p><img decoding=\"async\" alt=\"BTC\/USD chart by TradingView\" data-entity-type=\"file\" data-entity-uuid=\"e9a0887b-755c-4d2e-8948-79998a2a8607\" src=\"https:\/\/news.google.com\/sites\/default\/files\/inline-images\/btc2_59.png\" \/><\/p>\n<p>On the bigger chart, Bitcoin (BTC) might have found a local bottom at $16,572. At the same time, the chance to see a fast reversal is low as not enough energy has been accumulated yet.<\/p>\n<p>Respectively, the more likely scenario is trading in the range of $16,600-$16,800 for the next couple of days.<\/p>\n<p><img decoding=\"async\" alt=\"BTC\/USD chart by TradingView\" data-entity-type=\"file\" data-entity-uuid=\"48a1b706-2303-4d8f-af4f-828461af8e68\" src=\"https:\/\/news.google.com\/sites\/default\/files\/inline-images\/btc3_56.png\" \/><\/p>\n<p>However, on the weekly time frame, the fall may continue as bulls have failed to fix the price above the $18,000 mark. If the candle closes with no long wicks, the price of Bitcoin (BTC) could test the $16,000 zone by the end of the week. In addition, the buying volume remains low, indicating bulls&#8217; lack of interest in the current levels.<\/p>\n<p>Bitcoin is trading at $16,714 at press time.<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiOmh0dHBzOi8vdS50b2RheS9iaXRjb2luLWJ0Yy1wcmljZS1hbmFseXNpcy1mb3ItZGVjZW1iZXItMTjSAT5odHRwczovL3UudG9kYXkvYml0Y29pbi1idGMtcHJpY2UtYW5hbHlzaXMtZm9yLWRlY2VtYmVyLTE4P2FtcA?oc=5\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is neither bullish nor bearish as some coins are in the green zone, while others remain in the red. BTC\/USD The price of Bitcoin (BTC) has slightly risen since yesterday. Over the last week, however, the price has fallen by 2.56%. On the local time frame, Bitcoin (BTC) continues yesterday&#8217;s sideways trading, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":38531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[37],"tags":[14,50,194,806,195],"class_list":["post-38530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-analysis","tag-bitcoin","tag-btc","tag-december","tag-price"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/28042-1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38530"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38530\/revisions"}],"predecessor-version":[{"id":38532,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/38530\/revisions\/38532"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/38531"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38530"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}