Bitcoin (BTC) Price Analysis for December 4
Analysis
Price Impact
MedBitcoin saw a slight 0.55% increase but is facing strong resistance at $93,753. failure to break this level could lead to a correction to $90,000-$91,000. a break below local support at $91,827 could trigger further declines. midterm outlook suggests sideways trading due to decreased volume.
Trustworthiness
MedThe analysis uses technical indicators such as support, resistance, and volume, which are standard for price predictions. however, it's an opinion piece with inherent uncertainty.
Price Direction
NeutralWhile there was a slight uptick, btc has bounced off resistance, suggesting a potential short-term correction. the midterm view indicates sideways movement, leading to a neutral overall short-term direction.
Time Effect
ShortThe analysis discusses hourly chart movements, daily candle closes, and scenarios relevant 'until the end of the week,' indicating a focus on immediate to short-term price action.
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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 The rates of most of the coins are going up, according to CoinStats . Advertisement 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 Thu, 12/04/2025 - 13:59 XRP Price Analysis for December 4 By Denys Serhiichuk 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. #Bitcoin Price Prediction