By Jeremy Boulton — Dec 23 - 05:50 AM
After flipping from overbought to oversold Bitcoin may base
Bottom of 20-day Bollingers is $93,633, December low $92,118
Dec 5 low $92,092 and Nov 26 low $90,742 and 55-DMA $91,349 underpin
Thick, rising daily cloud $89,285-79,333 and 100-DMA $79,236 strong support
Ideal spot for a correction is $85,907 - 38.2% Aug-Dec surge
Targets for resumption bull trend: $114,367, $121,240 and $128,113
Rising dollar will influence Federal Reserve nL1N3NO053
Source:
London Stock Exchange Group | Thomson Reuters