{"id":365779,"date":"2022-12-21T11:42:15","date_gmt":"2022-12-21T16:42:15","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=365779"},"modified":"2022-12-21T11:44:58","modified_gmt":"2022-12-21T16:44:58","slug":"bitcoin-price-prediction-for-today-december-21-btc-usd-could-face-a-fresh-decline-below-17k","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-december-21-btc-usd-could-face-a-fresh-decline-below-17k","title":{"rendered":"Bitcoin Price Prediction for Today, December 21: BTC\/USD Could Face a Fresh Decline Below $17k"},"content":{"rendered":"<p>The Bitcoin price prediction shows that BTC could start another decline unless there is a strong move above the $17,000 resistance level.<\/p>\n<h2>Bitcoin Prediction Statistics Data:<\/h2>\n<ul>\n<li>Bitcoin price now &ndash; $16,861<\/li>\n<li>Bitcoin market cap &ndash; $324.4 billion<\/li>\n<li>Bitcoin circulating supply &ndash; 19.2 million<\/li>\n<li>Bitcoin total supply &ndash; 19.2 million<\/li>\n<li>Bitcoin Coinmarketcap ranking &ndash; #1<\/li>\n<\/ul>\n<h2>BTC\/USD Long-term Trend: Ranging (Daily Chart)<\/h2>\n<p>Key levels:<\/p>\n<p>Resistance Levels: $21,000, $23,000, $25,000<\/p>\n<p>Support Levels: $14,000, $12,000, $10,000<\/p>\n<p>BTC\/USD loses its momentum after trading near the resistance level of $17,000. As of writing, the king coin is down 0.22% on the day at $16,861 below the 9-day and 21-day moving averages. Meanwhile, the <a href=\"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/buy-bitcoin\">Bitcoin price<\/a> may struggle to close above $17,000, and if it does, it should be free to rise well above $18,000 if it moves in the next positive direction.<\/p>\n<h2>Bitcoin Price Prediction: Bitcoin (BTC) Could Range-bound<\/h2>\n<p>After a slightly positive move above $17,000, the <a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-december-20-btc-usd-touches-17000-bulls-may-blow-hot\">Bitcoin price<\/a> is sliding below the 9-day and 21-day moving averages. Over the past few days, the king coin has been struggling to break above the 9-day and 21-day moving averages. However, in today&rsquo;s session, the coin attempted to push higher, but the sellers step in and begin to bring the coin lower to touch the daily low of $16,725.<\/p>\n<p>Moreover, if the coin moves lower, the $16,500 may serve as the nearest support level, which may likely make room for the coin to fall further to hit the support levels at $14,000, $12,000, and $10,000. The Relative Strength Index (14) remains below the 50-level indicating a sideways movement. On the contrary, BTC\/USD could hit the resistance levels of $21,000, $23,000, and $25,000 if it finds its way above the upper boundary of the channel.<\/p>\n<h2>BTC\/USD Medium-term Trend: Ranging (4H Chart)<\/h2>\n<p>On the 4-hour chart, the BTC price hovers around $16,850 and could take time to head toward the upper boundary of the channel. However, if the bulls gather enough strength, the upward movement may be able to near the resistance level of $18,000 and above.<\/p>\n<p>On the downside, immediate support could be located around the $16,500 level, while critical support is at $16,000 and below. Therefore, the Bitcoin price may likely fall towards the lower boundary of the channel if the bears put more pressure on the market. The Relative Strength Index (14) is moving to cross below the 50-level, suggesting a bearish movement.<\/p>\n<p>Nevertheless, <a href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" rel=\"nofollow\">Dash 2 Trade<\/a> gives you the ability to optimize your trading and speculative profitability with effective crypto trading recommendations, auto trading, and analytics features. There is a D2T token presale ongoing and time is running out. The presale dashboard launch is coming soon since the product dev is ahead of the schedule. So far, the presale has raised almost $11 million.<\/p>\n<h2>Related<\/h2>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/cryptocurrency-price\/dash-2-trade-price-prediction\">D2T Price Prediction<\/a><\/li>\n<li><a href=\"https:\/\/insidebitcoins.com\/visit\/dash2trade\" rel=\"nofollow\">How to Buy D2T<\/a><\/li>\n<\/ul>\n\n            \n","protected":false},"excerpt":{"rendered":"<div class=\"fin-excerpt\">The Bitcoin price prediction shows that BTC could start another decline unless there is a strong move above the $17,000 resistance level. Bitcoin Prediction Statistics <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-for-today-december-21-btc-usd-could-face-a-fresh-decline-below-17k\" title=\"Bitcoin Price Prediction for Today, December 21: BTC\/USD Could Face a Fresh Decline Below $17k\">[&#8230;]<\/a><\/div>","protected":false},"author":1742,"featured_media":365780,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[734,5319,7991,7992],"class_list":["post-365779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-bitcoin","tag-btc","tag-btcusd","tag-technical-analysis"],"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 for 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