BTC/USD
Long-term Trend: Bearish
·
Resistance levels: $7,200, $7,400, $7,600
·
Support levels: $3,900, $3,700, $3,500
The price of Bitcoin was in a
bullish trend in the last week of December 2018. The crypto has an opening
balance of $4,038.50 but traded and had closing price of $4,023 as at the time
of writing.
In the month of December, Bitcoin lost 0.38% of its capitalization.
In December, neither the bulls nor the bears have control over the price of
Bitcoin. The crypto’s price is below the 12-day EMA and the 26-day EMA
indicating that price is in the bearish trend zone .
Meanwhile,
the MACD line and the signal line are below the zero line which indicates a
sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is
below the 12-day EMA and the 26-day EMA. In addition, the stochastic is in the
oversold region but below the 20% range. This indicates that the price of
Bitcoin is in a bearish momentum and a sell signal.
The views and opinions expressed
here do not reflect that of BitcoinExchangeGuide.com and do not constitute
financial advice. Always do your own research.
Source: https://bitcoinexchangeguide.com
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