Bitcoin Price Key Highlights
Bitcoin price suffered a quick selloff last week but the uptrend line on the 4-hour time frame held.
This suggests that bulls might be able to stay in control for the remainder of the year, potentially taking bitcoin back to its yearly highs.
Bitcoin price could make it all the way up to the $500 level if bulls continue to keep pushing higher, although another sharp selloff might be possible.
Potential Support Zones
With the end of the year fast-approaching, profit-taking activity could take place as traders want to close out with gains. For the bulls, this could mean exiting positions at psychological levels or areas of interest.
http://www.newsbtc.com/2015/12/14/bitcoin-price-technical-analysis-for-12142015-bulls-to-stay-in-control/
Topic: [2015-12-14] Bitcoin Price Technical Analysis – Bulls to Stay in Control? (Read 270 times)
December 15, 2015, 04:29:37 AM
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