Written by Albert LibenzoncontributorReviewed by Cyril Gilsonformer editorDaily Bitcoin Price Analysis: Growth or Sideways Trend Again?
MagazinePublishedDec 8, 2015
December 8th, Bitcoin’s upward trend remains active, while the corridor of confrontation arises.
As we suggested yesterday, the Bitcoin price made an attempt to test the level of $400. However, at that point the sellers have taken a desperate resistance, the cost has decreased by ten points and fixed at $390. The psychological goal to take the $400 mark was managed, but it has no foothold. The players have a desire to take profits and exchange their wealth from Bitcoin to Dollar. However, the upward trend for the Bitcoin remains active, while the corridor of confrontation rises higher.
December 8th, today, the level of support is allocated at $380 and $370, while the resistance level remains the same at $400 and $410. By breaking through the resistance levels the way to $420 and $430 will be opened.
The analysis and prognosis are the personal views of the author and are not a recommendation to buy or sell Bitcoins.
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