Bitcoin Price: The Rally Before Christmas

Bitcoin Price: The Rally Before Christmas

Bitcoin price has returned to its recent resistance ceiling where large sell orders have halted additional advance. As remarked yesterday, a bullish 15-minute chart condition had catapulted price higher, but profit taking at the resistance ceiling near $460 and $3030 has prevented additional advance. With price trading above its 1-hour 200MA and a bullish cross-over of the 20MA to above the 200MA, there is a high probability that the advance may continue, but let’s wait to see price break the resistance ceiling before making a bet on such an outcome. Bitcoin price has risen to near its....


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