Bitcoin Price Prediction: BTC Could Avoid Downtrend If It Closes Above $17K

-Bitcoin price prediction for December 28th shows that BTC could avoid a downtrend if it closes above $17k.
-BTC/USD has been struggling to break toward the upper boundary of the channel and is now trading at $16,733 below the 9-day and 21-day moving averages.
-If Bitcoin moves lower, the $16,500 and $15,500 support levels could be tested.

The Bitcoin price prediction for December 28th shows that the first digital asset could avoid another downtrend if it closes above the $17,000 resistance level. As of writing, the king coin is down 0.63% on the day at $16,733 below the 9-day and 21-day moving averages. In today’s session, the coin attempted to push higher, but the sellers stepped in and began to bring the coin lower to touch the daily low of $16,553.

The Bitcoin market has been volatile for the past few days with BTC/USD trading in a range between the $16,500 and $17,000 levels. If the coin moves lower, the $16,500 and $15,500 support levels could be tested. On the upside, if the coin moves higher, the $18,000 and $19,000 levels could be tested.

The moving averages are also indicating a bullish trend as the 9-day MA crossed above the 21-day MA. However, the Relative Strength Index (RSI) is sitting at 42, suggesting that the coin is in a range-bound situation. Investors should keep an eye on the $17,000 level as a break above it could open up the possibility for the coin to move higher.

Overall, the Bitcoin market is showing signs of a potential rally as the coin is now trading near the $17,000 resistance level. The key levels to watch will be the $16,500 and $15,500 support levels on the downside, and the $18,000 and $19,000 levels on the upside. If the coin closes above the $17,000 level, it could open up the possibility for the coin to move higher.