Bitcoin price prediction stays flat below $17,000 during the Asian session, as the market appears to have low volatility and trading activity ahead of the Christmas holidays. Famous cryptocurrency researcher Benjamin Cowen recently said that the bears are getting weary because Bitcoin’s (BTC) price has fallen more than 75% from its record high above $69,000 seen last year.

The market cap of all major cryptocurrencies on December 23 was essentially unchanged from the day before at $810.53 billion. The total volume of the cryptocurrency market rose 12.46% in the previous day to $28.94 billion.

The entire volume in DeFi was $1.63 billion, or 5.64% of the cryptocurrency market’s 24-hour volume. The total 24-hour volume of the cryptocurrency market was $26.33 billion, or 90.97% of the total volume of all stablecoins.

Today Bitcoin Price

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DATE	BTC	USD
Today	01	$ 16,852.97

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Bitcoin Price Prediction

A bitcoin is worth approximately $16,838 and $16 billion has been traded in the previous day. With a $323 billion live market cap, CoinMarketCap is rated first.

The BTC/USD pair will almost probably continue to surge toward the $17,500 barrier level if it breaks above $17,000.

The next level of support for Bitcoin prices is at $16,320 if they drop below $16,500.

Bitcoin remains under pressure from the 50-day moving average even if the RSI and MACD are both in a favorable purchasing zone. Keep a watch on today’s price of $17,000 since it could be a turning point for Bitcoin.

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