The bulls are out in force and looking to deliver a strong message ahead of the long weekend. Bitcoin at $5,400 would be a start…
The crypto bears take an early bite, with Bitcoin visiting sub-$5,000 levels before finding support. It could be a choppy day ahead…
After a mixed bag on Monday, the broader market sees red at the start of the day. Bitcoin will need to hold onto $5,200 for the broader market to avoid a mass sell-off.
While it’s another positive start to the day, some red is beginning to hit the board. Support levels could be tested later in the day should sentiment not improve.
Bitcoin moves back through to $5,000 levels early on. Holding above $4,900 levels through the day will be a major coup for the Bulls.
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)||-76.6423|
|Stochastic RSI (14)||84.5798|
|Ultimate oscillator (7,14,28)||38.5023|
|Stochastic Fast (14)||23.3577|