Tag: analysis

Bitcoin – Bear and Bull Scenarios


The Bitcoin price is consolidating around $19,000 as traders brace for a possible pullback.

The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what’s next for BTC/USD.

Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the U.S. dollar is showing signs of a possible recovery.

Bitcoin Price

Others, however, expect the crucial $18,500 support level to hold, which would likely set up BTC to retest the key $20,000 level and a new all-time read more

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