The majors are on the move early, looking to consolidate Wednesday’s gains. With volatility on the rise, holding above key levels is a must to avoid a reversal.
Wednesday’s sell-off continued into this morning. Bitcoin will need to move back through to $12,200 levels to steady the ship…
Bitcoin sees red early on. A hold onto $12,200 levels through the morning would support further upside on the day.
Bitcoin continues to find support but will need to make a move through to $11,500 levels to avoid a pullback…
Bitcoin needs to move back through to $9,300 levels to resume the move towards $10,000…
Price behavior in BTC has managed to hold up in an incredibly resilient fashion, and this brightens the outlook for those bullish on the space as we head into the final weeks of this year.
Against the U.S. dollar Bitcoin Cash has rallied sharply since the beginning of the month, and BCH/USD is currently posting a corrective move as a means to work off its overbought price conditions.
Bitcoin was bullish for the majority of last week, hitting new monthly high’s on optimism for more institutional investments, but it returned some of its recent gains on regulatory jitters. The SEC reportedly ended its public comment period on Bitcoin ETF applications, which suggests that a decision could be announced
|Williams %R (14)||-62.7875|
|Stochastic RSI (14)||38.0958|
|Ultimate oscillator (7,14,28)||51.7495|
|Stochastic Fast (14)||37.2125|