Bitcoin (BTC) Price Analysis for December 1

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News December has started with an ongoing market correction, according to CoinStats . Advertisement BTC chart by CoinStats BTC/USD The rate of Bitcoin (BTC) has fallen by 6% since yesterday. Image by TradingView On the hourly chart, the price of BTC is near the recently formed support of $84,754. As most of the daily ATR has been passed, there are low chances of seeing sharp moves by tomorrow. You Might Also Like Sun, 11/30/2025 - 16:44 DOGE Price Analysis for November 30 By Denys Serhiichuk However, if the daily bar closes around $85,000, traders may expect a level breakout. Image by TradingView On the longer time frame, the rate of the main crypto is declining after a false breakout of the resistance of $93,065. If buyers cannot seize the initiative, there is a high chance of seeing a test of the $80,000 range over the next few days. Image by TradingView From the midterm point of view, there are no reversal signals yet. It is too early to make any long-term predictions as the week has just begun. However, the volume is low, which means none of the sides is ready for a sharp move. Bitcoin is trading at $85,636 at press time. #Bitcoin Price Prediction