Bitcoin Price

At the time of writing, Bitcoin was trading at $16,814, according to Coingecko, after dropping by 0.9% in the last 24 hours. The crypto asset’s performance reflects the bearish trend across the broader crypto market during this time, given that most altcoins are also trading in the red today.

Bitcoin price prediction

In the last 24 hours, the price of Bitcoin has moved from $16,750 to $17,114, indicating mild volatility. The trend is bearish today, with BTC’s market cap standing at $323 billion, with a dominance of 36.9%.

Bitcoin needs to gain to $17,000 for there to be a chance of a bullish reversal. The major resistance hurdle stands at $17,300, with a breakout past this expected to take the coin to $17,650 or even $18,000.

On the other hand, the bears are currently showing strength. Bitcoin needs to hold support levels above $16,800 for the prices not to tank any further. Breaking below this level could heighten the bearish trend, and BTC could crash to $16,500.

Bitcoin’s price chart

Bitcoin’s price chart

Bitcoin’s price chart shows an apparent battle between the bulls and the bears. The relative Strength Index stands at 49, showing neutrality between the sellers and the buyers. The movement of the RSI also shows that some buyers have been accumulating at low prices.

On the other hand, the Moving Average Convergence Divergence (MACD) line shows that bears have the upper hand. If the bearish trend persists, Bitcoin could lose its support past the $16,800 level.

Bitcoin’s performance amid China’s mixed signals

The performance of Bitcoin mimics how stocks in the Asia-Pacific region have performed in the last 24 hours. China has eased COVID restrictions, which has caused a drop in the stock markets. The country’s trade data also fell below expectations, weakening investor confidence in the market.

Bitcoin’s correlation with that of stocks has increased over the past year. While the easing COVID restrictions have caused dips in the short-term, it could trigger long-term gains, as investors in the region could start showing interest in risk assets again.

Three altcoins to buy today

As the bulls and the bears fight for control over Bitcoin’s price action, crypto traders are now looking for the best altcoins to buy for 10x gains. Some of the top altcoins that are worth checking out today include the following:

Dash 2 Trade

Dash 2 Trade is a crypto signals trading platform nearing its launch. The D2T presale is in the last stage, and more than 68% of the presale tokens have already been sold. The presale has raised $8.95 million, and it will end after $13.42 million has been raised.

The D2T token will be used by crypto traders to access crypto signals that will help them win trades, making it one of the best utility tokens in the market. After the presale ends, D2T could be in for significant gains, as it has confirmed listings on BitMart and LBank.


IMPT is a project seeking to lower carbon emissions using blockchain technology. The IMPT presale is attracting much attention from ESG investors that want to invest in the greenest crypto in the market.

The IMPT presale will end after four days. This presale has raised more than $14.92 million. The token will be listed on several exchanges, including LBank, Changelly, and Uniswap, on December 14. The listing price is $0.0253.


If you want to diversify your crypto portfolio into blockchain gaming, you might consider investing in Calvaria. Calvaria is a blockchain gaming project allowing players to use NFT trading cards to build their gaming strategies.

Calvaria will allow crypto and non-crypto players to access all the game’s features, giving it a competitive edge in adoption. The Calvaria presale is ending earlier than planned. The presale has raised $2.25 million, ending after $3.075 million is raised.

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