{"id":279358,"date":"2020-12-12T20:00:58","date_gmt":"2020-12-13T01:00:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=279358"},"modified":"2020-12-12T20:06:11","modified_gmt":"2020-12-13T01:06:11","slug":"bitcoin-btc-price-prediction-december-12-2020-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-btc-price-prediction-december-12-2020-2","title":{"rendered":"Bitcoin Price Prediction: BTC\/USD Regains $18,600 and $18,800 Price Levels, Resumes Upside Momentum"},"content":{"rendered":"\r\n<p><strong>Bitcoin (BTC) Price Prediction \u2013 December 12, 2020<\/strong><br \/>Today, <a href=\"https:\/\/insidebitcoins.com\/uk\/buy-bitcoin\">BTC\/USD<\/a> is struggling to push above the $18,800 high after recovering the $18,600 price level. Traders believe that when these price levels are regained, Bitcoin will resume the upside momentum. The reason for the price movement was because Bitcoin has remained stagnant and calm in the price range between $17,600 and $18,600.<br \/><br \/><strong>Resistance Levels<\/strong>: $13,000, $14,000, $15,000<br \/><strong>Support Levels:<\/strong> $7,000, $6,000, $5,000<\/p>\r\n<figure id=\"attachment_279375\" aria-describedby=\"caption-attachment-279375\" style=\"width: 952px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png\"><img decoding=\"async\" class=\"wp-image-279375 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png\" alt=\"\" width=\"952\" height=\"615\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png 952w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1-300x194.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1-768x496.png 768w\" sizes=\"(max-width: 952px) 100vw, 952px\" \/><\/a><figcaption id=\"caption-attachment-279375\" class=\"wp-caption-text\">BTC\/USD &#8211; Daily Chart<\/figcaption><\/figure>\r\n<p>The recent upward move is not unconnected with the news that MicroStrategy will be purchasing $650 million in the coming weeks and months. Today, Bitcoin has broken above the $18,800 high and approaching the $19,000 price level. On the other hand, Bitcoin dropped to $17,600 low, last week when the U.S dollar appreciated.Meanwhile, Bitcoin has risen to $19,000 at the time of writing. A retest at the $19,600 and $19,740 is likely. Meanwhile, BTC is at 80% range of the daily stochastic. It indicates that Bitcoin is in the overbought region of the market,<br \/><br \/><strong>Bitcoin Book Breaks into the Top 3 on Amazon\u2019s Macroeconomics List<\/strong><br \/>Bitcoin has become one of the top three on Amazon\u2019s macroeconomics bestseller list. The book was released on December 2 and it is authored by Bitcoin evangelist Jason Williams, .entrepreneur and co-founder of Morgan Creek Digital Assets \u2014 the crypto-focused investment arm of Morgan Creek Capital. Bitcoin book is broken down into three main sections that include why Bitcoin matters now, a brief history of money, and how BTC can become the next global reserve currency.<\/p>\r\n<figure id=\"attachment_279376\" aria-describedby=\"caption-attachment-279376\" style=\"width: 952px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png-2-chart-1.png\"><img decoding=\"async\" class=\"wp-image-279376 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png-2-chart-1.png\" alt=\"\" width=\"952\" height=\"615\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png-2-chart-1.png 952w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png-2-chart-1-300x194.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/12\/BTC-p-Insidebitcoin-1.png-2-chart-1-768x496.png 768w\" sizes=\"(max-width: 952px) 100vw, 952px\" \/><\/a><figcaption id=\"caption-attachment-279376\" class=\"wp-caption-text\">BTC\/USD &#8211; 4 Hour Chart<\/figcaption><\/figure>\r\n<p>Meanwhile, Bitcoin has regained the $18,600 and $18,800 price levels The Fibonacci tool will hold if the price breaks above the $18,600 high. Bitcoin will reclaim the previous high and resume the upside momentum. On December 1, a retraced candle body has tested the 61.8% Fibonacci retracement level. The retracement gives us the impression that Bitcoin will rise and reach level 1.618 Fibonacci extension or the high $22,171.40.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">Bitcoin (BTC) Price Prediction \u2013 December 12, 2020Today, BTC\/USD is struggling to push above the $18,800 high after recovering the $18,600 price level. Traders believe <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-btc-price-prediction-december-12-2020-2\" title=\"Bitcoin Price Prediction: BTC\/USD Regains $18,600 and $18,800 Price Levels, Resumes Upside Momentum\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":279375,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7812,8009],"class_list":["post-279358","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btc-usd","tag-price-prediction"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Price Prediction: BTC\/USD Regains $18,600 and $18,800 Price Levels, Resumes 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