It’s a bearish start to the day for the majors, with some early losses reversing as Monday’s sell-off tests investor will. Bitcoin at $7,480 would signal a rebound.
It’s getting choppier for Bitcoin and the majors, which suggests a move is imminent. Bitcoin will need to avoid sub-$7,100 to support the pack…
The majors find support early this morning as the bulls look to recoup recent losses. Holding onto early gains by late morning will be key…
Ripple’s XRP bucked the trend early as the rest of the pack saw red. A Bitcoin move through to $7,600 would signal support.
After Wednesday’s pullback, it’s a bearish start to the day. A Bitcoin move through to $8,155 levels would signal support for the broader market.
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)||-27.0306|
|Stochastic RSI (14)||100.00|
|Ultimate oscillator (7,14,28)||51.9707|
|Stochastic Fast (14)||72.9694|