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The weekend has stared with ongoing buyer dominance, according to CoinMarketCap.
BTC/USD
The rate of Bitcoin (BTC) has increased by 0.52% over the last 24 hours.
On the hourly chart, the price of BTC is going up after it has almost bounced off the local support of $99,121. If the growth continues, one can expect a test of the resistance level by tomorrow.
On the bigger time frame, one should pay attention to the daily candle closure in terms of the $99,800 level.
Related
If it happens far and above it, the growth may lead to a test of the $102,000 area soon.
A similar picture is on the weekly chart. If the bar closes with a long wick and around the current prices, bears may seize the initiative, which may lead to a correction to the $90,000 range.
Bitcoin is trading at $99,574 at press time.
Source: https://u.today/bitcoin-btc-price-prediction-for-december-7