2018-12-3 14:00 |
Bitcoin may break its three-year December winning streak unless prices convincingly cross key resistance at $4,410 in the next few days.
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On October 29th around 11:00 am GMT, the price of Bitcoin (BTC) suddenly plunged from comfortable levels of around $6,493 to $6,320 in a time span of 12 hours. Many crypto traders had assumed the streak of Bitcoin stability would continue until Bakkt started its operations later this December.
2018-10-30 16:02 | |
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| Analogue Notcoin - TapSwap |
Bitcoin is about to see a key bullish cross of two moving averages the first time in nearly four years.
Bitcoin's three-day price consolidation looks to be a bull breather before a continuation of the recent rally to above $4,000.
With bitcoin showing resilience to negative news flow, a strong bullish move is looking increasingly likely.
Bitcoin has reported losses in January for the last four years, and a fifth now looks on the cards.
After breaching key support on Sunday, emboldened bears could soon push bitcoin prices back towards $3,100.
Bitcoin’s price saw its biggest drop for seven weeks on Thursday, weakening the prospects of a bullish breakout above $4,100.
Bitcoin is losing altitude as an unwinding of bullish bets is creating downward pressure on prices.