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Btscusd

BTCUSD Update from previous buying to sell postsI still believe that they are buying to sell here even though we have broken through key resistance (downward trend line). Here we are in the 2nd week stalling at previous higher time-frame resistance, though this time we are clearly in the Buy zone. If there isn't enough bullish pressure to surpass these levels then we are looking for price to push down before going back up. I wholeheartedly think that we could see BTCUSD surpass the $24K mark, I just don't think it is NOW in this climate.
BITSTAMP:BTCUSDShort
by alldyn_pip_king
1
Bitcoin bulls lose interest pre-ChristmasYet another morning in the red for Bitcoin and the broader crypto market. The BTC/USD pair is currently oscillating inside a narrowing range limited by $7,000 on the downside and $7,300 on the upside. The RSI on the H4 chart is inching closer to the oversold region. If the downtrend continues, the chances of Bitcoin plunging below $7,000 will remain high. In that area are located the 15th Dec. low and the lower line of Bollinger Bands on the 4-hour chart. In retrospect, the danger and risk of retesting $6,500 or $6,000 still hovers unbothered by the investors’ expectations. In order the bulls to take control again, they need to push BTC/USD above $7,200 key resistance firstly. However, if the bulls manage to take out the last, the next resistance is near the $7,231.73 region, the 38.2% Fib of the annual rally from 3,122 to 13,880. A break above which will expose the 50-day SMA on H4 chart at 7,245 and the high from 13th Dec. at 7,302.35.
BITSTAMP:BTCUSD
by ForexTrendline
4