RATE Group | BTC/USD upside momentum burns out
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BTC/USD upside momentum burns out

13 Dec BTC/USD upside momentum burns out

Posted at 18:58h in Bitcoin News by

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  • Bitcoin price on Thursday trading down marginally by just 1%, with lack of commitment still from either camp. 
  • Rallies continue to be unsustainable, as bulls lose momentum after the run on Wednesday. 

 

BTC/USD 15-minute chart
 

 

Spot rate:                  3396.20

Relative change:      -1.05%

High:                         3413.72

Low:                          3337.73

 

 

Trend:                        Bearish

 

Support 1:                  3374.73, breached descending trend line.

Support 2:                  3343.3, daily pivot point support.

Support 3:                  3254.82, daily pivot point support.

Resistance 1:             3503.23, daily pivot point resistance.

Resistance 2:             3574.69, daily pivot point resistance.

Resistance 3:             3663.17, daily pivot point resistance.

 

BTC/USD 60-minute chart

  • Price cushioned for now by a near-term ascending…

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