abhinav94

abhinav94

Bitcoin is displaying strong bearish tendencies despite being a week from Christmas. It is becoming apparent that Santa lost his way to the crypto space. Last December, Bitcoin hit ‘rock bottom’ around $3,146 and culminating in gains that saw it hit highs around $13,800 in June 2019. However, the losses from the highs in June have become unstoppable. Initially,...

abhinav94

For now, the only hope the bulls have of seeing $8,000 again before the year ends id the impeding symmetrical triangle breakout. The momentum likely to come from the pattern breakout could have the energy to clear the resistances at $7,400, $7,700, as well as $8,000. From a technical perspective, the current drab sideways trading momentum is likely to continue....