Receive all Cointelegraph news immediately in Telegram.
December 21, no interesting macroeconomic data publishing is expected, and today we expect a continuation of the bearish trend.
Bitcoin price analysis
Bitcoin price analytics by Albert Libenzon: we expect a continuation of the bearish trend.
Bitcoin price, Dollar, Bearish, Cryptocurrency
Throughout the last week Bitcoin’s price was in the corridor of $440 - $460. By the end of the week, it moved to $458. However, on the weekend Bitcoin dipped significantly to $433. The reason for such a change was the strengthening of the Dollar, which this time did affect the Bitcoin price. Last week, we were watching as the Dollar grew because of stronger statistics and interest rate rises.
On Monday, December 21, no interesting macroeconomic data publishing is expected, neither in Europe nor in the United States. Today we expect a continuation of the bearish trend and trading at the level of $430 but with a possible decrease to $425 and $420.
On December 21, the resistance level for Bitcoin price is $450, while the support levels are $420 and $425.
Today’s most relevant question is: What is it – the beginning of a bearish trend or a technical rebound after many days of attempts to maintain the top positions?
This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell Bitcoins.
Follow us on Facebook
For updates and exclusive offers, enter your e-mail below.
One fine body…
Thank you for contacting us! We will reply to you as soon as possible.
Thank you for your interest in our franchise program.
We are considering your request and will contact you in due course. If you have any further queries, please contact:
Reset letter sent.
Please checkout your mailbox for password reset details