Bitcoin News Today – Headlines for December 22
发布时间：2019-12-23 14:16:51 发布人：TokenString

  • Bitcoin bulls have been able to hold gains over the $7k level
  • BTC is still in a downtrend – Josh Rager
  • Bitcoin’s bull case is building

Bitcoin News Today – Since Bitcoin (BTC) plunged to a seven-month low of $6,400, it has seen a pretty strong price recovery. The digital currency managed to surge as high as $7,300 and the bulls have been trying to defend key levels. This means that the world’s largest digital currency by market cap is up by about $1k from its seven-month bottom, making many investors and traders believe that bulls are back.

Nevertheless, a prominent digital currency analyst said that Bitcoin (BTC) remains in a clear downward trend. This implies that this latest upsurge is just a relieve rally, not a full-fledged reversal. The analyst is suggesting that it is too early to say that the bulls are back.

Bitcoin (BTC) Price Today – BTC / USD

# Name Price 24H %
1
bitcoin
Bitcoin(BTC) 		$7,629.83
5.50%

Bitcoin (BTC) Is Still in a Downtrend

A popular digital currency trader – Josh Rager – recently said that it is far too early to be bullish after an increase of $1k earlier this week. The analyst pointed to the fact that Bitcoin (BTC) is still stuck under a trendline. The trend line was formed after the infamous China pump in October, adding that except BTC breaks this level and the $8k resistance mark, a reversal rally will end abruptly.