Daily Bitcoin Price Analysis: Bitcoin Falls And Rises Again

This week is the last of the year. As we warned, the market players began to take profits, and the Bitcoin price dropped rapidly to $408. However, we then saw a rebound to $426 and this means that investors do believe in the future of Bitcoin, but prefer to close the year having more US Dollars in their hands, which is considered to be safer.

However, the Dollar is weakening on the foreign exchange market. Now investors expect the continuation of the decline of the Dollar against other currencies. Though, no important news from the US or Europe is expected until the beginning of the New Year.

Today, we expect Bitcoin price movement in the corridor of $420 - $44