Sally Ho's Technical Analysis 5 December 2019 BTC ETH
Ethereum / Breaking News / Bitcoin / Analytics
Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair traded as high as the 7287.75 level following its volatile and sharp ascent to the 7775.00 level early in yesterday’s North American session. Stops were elected above the 7552.89 area during the pair’s rapid climb, a level that represents the 23.6% retracement of the move from 6526.00 to 7870.10. The pair was unable to sustain its intraday gains yesterday and has largely now given back most of them. The pair’s short-term market bias appears like it will be determined by BTC Bulls around the 7198.05 area or by BTC Bears around the 7356.65 area. The 7198.05 area represents the 50% retracement of the recent 6526.00 – 7870.10 range and buying pressure has ...