Bitcoin News Today – Headlines for December 23
发布时间：2019-12-24 14:14:40 发布人：TokenString
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Bitcoin breaks over the $7,400 resistance level
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Bitcoin closes the week with a five percent increase
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More BTC bullish resistances are ahead
Bitcoin News Today – Bitcoin (BTC) and some of the top altcoins in the market are deep in the green. The price of BTC is up by more than six percent over the past day, and it surged to an intraday high of $7,644. However, Bitcoin closed the week at $7,505, which is 5.5 percent higher than it started the week. Despite testing a new seven-month low last week, Bitcoin (BTC) still closed in green. At 2:00 UTC, on December 23, the price of Bitcoin (BTC) was $7,604.
Since Bitcoin started last week around the $7,100 level, it was looking to close in a Doji, signifying uncertainty. Nevertheless, things turned around in the last few trading sessions of the week, with BTC closing with a possible ‘hammer’ formation on the chart. However, Bitcoin (BTC) recorded a gap of more than $200 with the CME trading platform. In the past, the market has had a strong tendency to fill that gap; this resulted in a correction to $7,230.
Bitcoin (BTC) Price Today – BTC / USD
#
Name
Price
24H %
1
Bitcoin(BTC)
$7,360.43
-2.46%
Does Bitcoin Have Enough Momentum for the Bullish Resistances Ahead?
Bitcoin has been encountering some strong hurdle points over the past months. The digital currency just broke over the $7,400 resistance mark in the parallel chain. At the moment, the next major hurdle is at the $7,675 mark, which is its 50-day Exponential Moving Average. Besides, it is also facing hurdles from the long-term descending trend line.
If the digital currency breaks over the $7,800 mark, it could signal the end of the bearish trend in the short to medium term. However, if it breaks downsides, it could test new lows. The recent move of the digital currency has a strong potential for a bullish reversal. Nevertheless, the current long-term trend is still bearish.
Bitcoin Traders Are Opening More Short Positions than Longs
The funding rate on BitMEX turned positive after a couple of days of uncertainty as a result of the move on December 18. Nevertheless, on OKEx, traders are opening more short positions than long positions with a long/short ratio of 0.93 at the time of writing.
More bullish actions are expected to meet with some hurdles close to the $8k zone. A break over that level would make the rally towards the $10k level easier. At the time of writing, the immediate support of the digital currency is at the $7,500 mark. After that level, the $7,400 might be able to prevent more losses. Nevertheless, the major support of the world’s largest digital currency by market cap is at the $7,100 mark.
- Bitcoin breaks over the $7,400 resistance level
- Bitcoin closes the week with a five percent increase
- More BTC bullish resistances are ahead
Bitcoin News Today – Bitcoin (BTC) and some of the top altcoins in the market are deep in the green. The price of BTC is up by more than six percent over the past day, and it surged to an intraday high of $7,644. However, Bitcoin closed the week at $7,505, which is 5.5 percent higher than it started the week. Despite testing a new seven-month low last week, Bitcoin (BTC) still closed in green. At 2:00 UTC, on December 23, the price of Bitcoin (BTC) was $7,604.
Since Bitcoin started last week around the $7,100 level, it was looking to close in a Doji, signifying uncertainty. Nevertheless, things turned around in the last few trading sessions of the week, with BTC closing with a possible ‘hammer’ formation on the chart. However, Bitcoin (BTC) recorded a gap of more than $200 with the CME trading platform. In the past, the market has had a strong tendency to fill that gap; this resulted in a correction to $7,230.
Bitcoin (BTC) Price Today – BTC / USD
| # | Name | Price | 24H % |
|---|---|---|---|
| 1 |
|
$7,360.43 |
-2.46%
|
Does Bitcoin Have Enough Momentum for the Bullish Resistances Ahead?
Bitcoin has been encountering some strong hurdle points over the past months. The digital currency just broke over the $7,400 resistance mark in the parallel chain. At the moment, the next major hurdle is at the $7,675 mark, which is its 50-day Exponential Moving Average. Besides, it is also facing hurdles from the long-term descending trend line.
If the digital currency breaks over the $7,800 mark, it could signal the end of the bearish trend in the short to medium term. However, if it breaks downsides, it could test new lows. The recent move of the digital currency has a strong potential for a bullish reversal. Nevertheless, the current long-term trend is still bearish.
Bitcoin Traders Are Opening More Short Positions than Longs
The funding rate on BitMEX turned positive after a couple of days of uncertainty as a result of the move on December 18. Nevertheless, on OKEx, traders are opening more short positions than long positions with a long/short ratio of 0.93 at the time of writing.
More bullish actions are expected to meet with some hurdles close to the $8k zone. A break over that level would make the rally towards the $10k level easier. At the time of writing, the immediate support of the digital currency is at the $7,500 mark. After that level, the $7,400 might be able to prevent more losses. Nevertheless, the major support of the world’s largest digital currency by market cap is at the $7,100 mark.
