Bitcoin Price Technical Analysis for 22/12/2015 - A Rebound May Be Possible

Bitcoin Price Technical Analysis for 22/12/2015 - A Rebound May Be Possible

Bitcoin has been struggling for the past couple of weeks as longs continue to book profits at higher levels near $465. This also makes sense given that the cryptocurrency is overbought from a weekly perspective. Bitcoin is currently trading at $439.71. But, near-term long holders who could not get out near the tops may get another opportunity as a small bounce-back looks imminent. Below are the reasons why I believe so. Image. Technical analysis of the 4-h BTC-USD price chart reveals some interesting points. Support from 100 4-h SMA - The 100 4-h simple moving average of $433 is expected....


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