BTC, DOGE and SHIB Price Analysis for December 19

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Denys Serhiichuk

What are the chances of seeing the crypto market rebound by the end of the year?

The last day of the week is more bullish than bearish as most of the currencies are in the green zone.

CoinMarketCap main currencies
CoinMarketCap main currencies

BTC / USD

The rate of Bitcoin (BTC) has remained the same since yesterday, while the price change during the last week has represented -5.50%.

BTC / USD chart by TradingView
BTC / USD chart by TradingView

Despite yesterday’s surge, Bitcoin (BTC) made a false breakout of $ 48,000, which means that bears are more powerful than bulls right now.

However, from a medium-term point of view, sellers should look below the green support at $ 41,967 to start the downtrend.

Bitcoin is trading at $ 46,998 at press time.

DOGE / USD

DOGE is the only coin on the list whose rate has increased in the last week, up 2%.

DOGE / USD chart by TradingView
DOGE / USD chart by TradingView

DOGE has yet to decide which way to go as neither bulls nor bears dominate at the moment. Buyers should return to the most liquid zone around $ 0.22 to restore growth.

But, if they don’t, there is a chance to see the retest of the support at $ 0.1310 again.

DOGE is trading at $ 0.1714 as of press time.

SHIB / USD

SHIB is the biggest loser as of today as the meme coin is down 0.84% ​​in the last 24 hours.

SHIB / USD chart by trade view
SHIB / USD chart by trade view

SHIB is slowly approving the important support zone at $ 0.00002952. If sellers can sustain the dip and break out of this area, the prerequisites for a sharp decline to the next level at $ 0.00002010 may emerge. Such a scenario is relevant until the end of the year.

SHIB is trading at $ 0.00003144 at press time.

Source: https://u.today/btc-doge-and-shib-price-analysis-for-december-19

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