BITCOIN Analysis for December 19, 2018 - ConsultFX

BITCOIN Analysis for December 19, 2018

Bitcoin has been quite non-volatile with the bullish gains after breaching above $3,500-600 area recently which is expected to push much higher in the coming days. The price has recently formed Bearish Divergence which is expected to lead to certain pullbacks along the way before the price pushes higher towards $4,000 and later towards $4,250 area in the coming days. The dynamic levels like 20 EMA, Tenkan, and Kijun line have been supporting the price along the way, whereas the break above 200 EMA created a certain upward slope for the indicator as well. As the price remains above $3,500 area with a daily close, the impulsive non-volatile bullish bias is expected to continue further.

SUPPORT: 3,000, 3,350, 3,500-600

RESISTANCE: 4,000, 4,250, 4,500




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