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The correction continues on the crypto market, according to <a href="https://u.today/xrp-price-prediction-for-december-20" rel="noopener noreferrer nofollow">CoinStats</a>. <img src="https://u.today/sites/default/files/inline-images/top10_1542.png" data-entity-uuid="1685578d-5f1c-40de-9774-689fe348b810" data-entity-type="file" data-caption="BTC chart by&amp;nbsp;<a href=&quot;https://coinstats.app/coins/&quot;>CoinStats</a>">
<h2 class="text-align-justify" id="btc-usd">BTC/USD</h2>
The rate of Bitcoin (BTC) has dropped by 8% over the last 24 hours. <img src="https://u.today/sites/default/files/inline-images/btc1_251.png" data-entity-uuid="40a8b7d1-4a2b-4226-8d6a-a3acd4d5c2a2" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BTCUSDT&quot;>TradingView</a>">
On the hourly chart, the price of BTC has made a false breakout of the local support level of $92,502. If the daily bar closes far from it, there is a chance to see a bounce back to the $96,000 mark. <img src="https://u.today/sites/default/files/inline-images/btc2_235.png" data-entity-uuid="873168b6-3854-487d-80df-fe9f9ba6cfd0" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BTCUSDT&quot;>TradingView</a>">
On the bigger time frame, traders should focus on the nearest support of $92,092. If the candle's closure happens near it, one can expect a breakout, followed by a further correction to the $90,000 range. <img src="https://u.today/sites/default/files/inline-images/btc3_232.png" data-entity-uuid="c81de458-ac21-4ecb-93bc-9f51e838f1b1" data-entity-type="file" data-caption="Image by&amp;nbsp;<a href=&quot;https://www.tradingview.com/symbols/BTCUSDT&quot;>TradingView</a>">
From the midterm point of view, the picture is similar.
If the weekly bar closes around $92,000, the decline may lead to the test of the $85,000-$90,000 area by the end of the month.
Bitcoin is trading at $96,688 at press time. <a href="https://u.today/bitcoin-btc-price-prediction-for-december-20" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

Bitcoin (BTC) Price Prediction for December 20

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