Bitcoin Price Prediction: BTC/USD Faces Rejection at $23,200 but Holds above $22,000 Support ByAzeez MustaphaPRO INVESTOR Updated: 21 December 2020 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Bitcoin (BTC) Price Prediction – December 21, 2020Today, BTC/USD has fallen from a high of $14,000 to a low of $22,000. BTC price resumed consolidation above the $22,000 support. The price corrected upward but was rejected at the $23,200 high. The crypto is likely to further depreciate to the downside. The downward move has continued as the price reaches a low of $22,619.Resistance Levels: $23,000, $24,000, $25,000Support Levels: $13,000, $12,000, $11,000 BTC/USD – Daily Chart Bitcoin rally has been stalled at the $24,000 resistance. There is strong selling pressure above the $24,000 and $25,000 resistance zones. Buyers are finding it difficult to sustain the current uptrend. The recent upward move is a vertical rally. Analysts believe that vertical rallies are not easily sustainable. Therefore, the current downtrend may extend to the $20,000 support level. Nonetheless, Bitcoin continues to remain in a strong uptrend as long as the price holds above the $20,000 support level. Presently, the sentiment is changing from buying on dips to selling on rallies.Microstrategy Buy the Dip-Now Has More Than US GovernmentMicroStrategy has added to its Bitcoin with a purchase of 29,646 BTC for a total of $650 million, an average of around $21,925 per Bitcoin. The $650 million purchase was done as price dips from weekend highs. The company is having a total of 70,470 BTC, bought at an average price per Bitcoin of $15,964. This makes it the fifth-largest individual holder of Bitcoin, one place ahead of the United States government, which reportedly has 69,420 BTC. BTC/USD – 4 Hour Chart Bitcoin is now consolidating above $22,000 support. The Fibonacci tool has indicated an upward movement of the coin. On November 17 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that BTC will rise and reverse at level 1.272 Fibonacci extension level or the high of $24,816.20. Join Our Telegram channel to stay up to date on breaking news coverage