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Dec 23 - 07:55 AM

Bitcoin - Levels From Where Bitcoin May Rise Again

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

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