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Bitcoin, Ethereum, Ripple, Tezos, and Tron

14 Dec Bitcoin, Ethereum, Ripple, Tezos, and Tron

Posted at 07:50h in Ethereum News by

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Bitcoin declined by  2.5% over the last week, dropping to the $7,220 level. The cryptocurrency has been trapped within a tight range between $7,708 and $7,123 for the entire period of December, thus far. A breakout of this range will dictate the direction Bitcoin will head toward over the following weeks.

If the bulls continue to rebound, initial strong resistance is located at $7,400 and $7,700. Above the range, resistance lies at $8,086 (bearish .5 Fibonacci Retracement level) and $8,400 (100-days and 200-days EMA). Alternatively, if the sellers push beneath the lower boundary of the range, support lies at $7,000, $6,900, $6,500 (November low), and $6,270 (downside 1.272 Fib Extension).
btcusd-dec13

Ethereum was unable to make any ground above the resistance at $152.40 this week, which caused it to roll over and drop beneath the $150 level. ETH is trapped within an acute symmetrical triangle at this moment, but the market looks primed to drop beneath the lower boundary.

From above, the nearest…

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