Bitcoin Price Analysis Dec.24: Green On The Screen – The Bullish Bitcoin Is Facing $4200
Just a quick update, following the previous update from yesterday. After Bitcoin found support on the descending trend-line (marked orange on the 4-hour chart), we had a nice breakout of the $4050 – $4100 range (finally).
As of writing this, Bitcoin is facing the $4200 resistance area. A breakout here and we can expect Bitcoin to reach the $4400 – $4500 zone.
The last is the prior high from the daily chart, along with 50 days moving average line (1-day chart, marked with white).
Looking at the 1-day & 4-hour charts
BTC/USD BitStamp 4-Hour chart
BTC/USD BitStamp 1-Day chart
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