Bitcoin (BTC) Price Analysis for December 31
Analysis
Price Impact
LowThe article notes a minor decline of 0.56% and emphasizes a prevailing consolidation phase with low trading volume, indicating that neither bulls nor bears have significant control for a sharp price movement.
Trustworthiness
MedThe analysis comes from u.today, a known crypto news source. while it offers technical analysis, the article includes a disclaimer stating opinions are their own and not financial advice, categorizing it as an analytical opinion piece.
Price Direction
NeutralAlthough there's a potential for a short-term dip if the $88,073 support breaks on the hourly chart, the broader analysis points to consolidation around current prices due to low volume and a lack of strong momentum from either buyers or sellers.
Time Effect
ShortThe analysis discusses potential moves 'tomorrow' and highlights that traders should not expect increased volatility 'anytime soon', indicating a focus on the immediate to very near-term outlook.
Original Article:
Article Content:
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 Bears have seized the initiative on the last day of the week, according to CoinStats . Advertisement Top coins by CoinStats BTC/USD The rate of Bitcoin (BTC) has declined by 0.56% since yesterday. Image by TradingView On the hourly chart, the price of BTC is testing the local support at $88,073. If it breaks out, the correction is likely to continue to the $87,500 zone tomorrow. Image by TradingView On the longer time frame, none of the sides is dominating, as the rate of the main crypto is far from the main levels. The volume remains low, confirming the absence of bulls and bears' strength. You Might Also Like Wed, 12/31/2025 - 14:46 SHIB Price Analysis for December 31 By Denys Serhiichuk All in all, consolidation around current prices is the most likely scenario. Image by TradingView From the midterm point of view, the situation is similar. Neither buyers nor sellers have enough energy for a sharp move. In this regard, traders should not expect increased volatility anytime soon. Bitcoin is trading at $87,986 at press time. #Bitcoin Price Prediction