BTC Loses Momentum as it Fights to Maintain $50k

in LeoFinance3 years ago

BTC Chart
Screen Shot 20211226 at 3.57.53 PM.png

Summary
Right now BTC is hitting the $51K resistance and is sitting in neutral territory. The volume has been light as institutional investors are off for the holidays.

Screen Shot 20211226 at 3.54.44 PM.png

Oscillators & Averages
Screen Shot 20211226 at 3.54.57 PM.png

Looking at the averages we are setting up for a test of recent resistances. I think that once the holiday is over we will se an increase in trading activity. There has bene a bunch of regulatory news that has added some uncertainty to markets, but at this point I think markets have sold off enough to start the push to $100K.

Screen Shot 20211226 at 3.55.09 PM.png

Pivots
Screen Shot 20211226 at 3.55.41 PM.png

Posted Using LeoFinance Beta