RATE Group | Fails to Make it 7 in a row to Join the U.S Equity Markets in the Red
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Fails to Make it 7 in a row to Join the U.S Equity Markets in the Red

22 Dec Fails to Make it 7 in a row to Join the U.S Equity Markets in the Red

Posted at 11:43h in Bitcoin News by

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Bitcoin slid by 5.66% on Friday, partially reversing a 10.62% rally on Thursday, to end the day at $3,976.

The day’s loss was the first in seven, with Bitcoin having enjoyed 6 consecutive days in the green in the run up to Friday to leave Bitcoin with a 20.5% gain for the current week.

A bullish start to the day would have had the bulls eyeing another day of gains, with Bitcoin rising to an early morning intraday high $4,300, but that’s as bullish as it got, with Bitcoin falling well short off the first major resistance level at $4,415.63, Bitcoin unable to break out from Thursday’s high $4,299.

Tracking the broader market through the day, Bitcoin pulled back to a late in the day intraday low $3,902, coming within range of the first major support level at $3,896.73 before steadying.

Some froth came off the top, investors pulling out ahead of the weekend, with the day’s losses coinciding with another dark day in the global equity markets, as political wrangling on Capitol…

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