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BTC Loses Momentum as it Fights to Maintain $50k

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moneyntapped
@moneyuntapped
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BTC Chart

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.

Oscillators & Averages

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.

Pivots

Posted Using LeoFinance Beta