Bitcoin Price Technical Analysis for 12/21/2016 – $800 Level Breached, Where to Next?
Bitcoin price seems to be set for one more push higher before the end of the year as it successfully took out the $800 barrier. Bitcoin Price Key Highlights. Bitcoin price finally made a convincing break past the $800 barrier, opening the path for further upside targets. Zooming out to the weekly time frame of bitcoin shows the next resistance levels. On a short-term perspective, bitcoin price made it up to the top of the channel illustrated in a previous article. Technical Indicators Signals. The 100 SMA is still above the longer-term 200 SMA on the weekly time frame so the path of least....
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