5 Times BTC Hit 45k and Swiftly Bounced Back Up in December 2021
I have been wondering, could 45k be the bottom?
In the month of December 2021, Bitcoin has visited and revisited this price level five times and bounced back up, the latest being yesterday, with indications already showing the trend is moving up again after hitting the magical 45k.
I have been monitoring the trends very closely in the recent times and one thing has become certain; the bears will need more than just FUD and low volume to help them move past the 45k support zone.
Clearly, this has become a crucial support area for the bulls. Important decisions will be made at this level as we move into a Brand New Year.
Happy Trading Folks. Stop Loss just below 45k could save the day in the event things suddenly go south.
Caution: Views are mine. I am not a financial expert.
In the month of December 2021, Bitcoin has visited and revisited this price level five times and bounced back up, the latest being yesterday, with indications already showing the trend is moving up again after hitting the magical 45k.
I have been monitoring the trends very closely in the recent times and one thing has become certain; the bears will need more than just FUD and low volume to help them move past the 45k support zone.
Clearly, this has become a crucial support area for the bulls. Important decisions will be made at this level as we move into a Brand New Year.
Happy Trading Folks. Stop Loss just below 45k could save the day in the event things suddenly go south.
Caution: Views are mine. I am not a financial expert.