The post Bitcoin (BTC) Price Analysis for December 4 appeared on BitcoinEthereumNews.com. The rates of most of the coins are going up, according to CoinStats. Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has increased by 0.55% since yesterday. Image by TradingView On the hourly chart, the rate of BTC has set local support at $91,827. However, if a bounce back does not happen, one can expect a level breakout, followed by a further correction to the $91,000 range. Image by TradingView On the longer time frame, the price of the main crypto has once again bounced off the resistance of $93,753. If the daily candle closes far from that mark, traders may expect a correction to the $90,000-$91,000 range.  You Might Also Like This scenario is relevant until the end of the week. Image by TradingView From the midterm point of view, the rate of BTC is far from the main levels. Thus, the volume has dropped, which means ongoing sideways trading around current prices is the most likely scenario. Bitcoin is trading at $92,524 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-december-4The post Bitcoin (BTC) Price Analysis for December 4 appeared on BitcoinEthereumNews.com. The rates of most of the coins are going up, according to CoinStats. Top coins by CoinStats BTC/USD The price of Bitcoin (BTC) has increased by 0.55% since yesterday. Image by TradingView On the hourly chart, the rate of BTC has set local support at $91,827. However, if a bounce back does not happen, one can expect a level breakout, followed by a further correction to the $91,000 range. Image by TradingView On the longer time frame, the price of the main crypto has once again bounced off the resistance of $93,753. If the daily candle closes far from that mark, traders may expect a correction to the $90,000-$91,000 range.  You Might Also Like This scenario is relevant until the end of the week. Image by TradingView From the midterm point of view, the rate of BTC is far from the main levels. Thus, the volume has dropped, which means ongoing sideways trading around current prices is the most likely scenario. Bitcoin is trading at $92,524 at press time. Source: https://u.today/bitcoin-btc-price-analysis-for-december-4