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Topic: [2015-12-08] Bitcoin Price Technical Analysis – Hitting the Ceiling! (Read 228 times)

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Bitcoin Price Key Highlights

Bitcoin price has been trending higher, completing a corrective wave recently and reaching one of the Fibonacci extension levels indicated in an earlier article.
Price is now testing the ascending channel resistance visible on the 4-hour chart and might be due for a move back towards support again.
Bitcoin price could be in for a quick selloff from here, as risk aversion is spurring demand for the safe-haven dollar, possibly allowing a test of the channel support.

http://www.newsbtc.com/2015/12/08/bitcoin-price-technical-analysis-for-8122015-hitting-the-ceiling/
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