Bitcoin (BTC) price analysis 23.12.2019 forecast
On Thursday, December 19 BTC made a correction to $7,141, but not before hitting the $7k once again.
We saw the most popular cryptocurrency trading as low as $7,073 on the last day of the workweek, just to close with a small gain to $7,192.
The BTC/USD pair was not able to establish a definitive trend and this was even more obvious during the weekend sessions. It first moved to down to $7,148 on Saturday, erasing all winnings from the previous day. Then, on Sunday, December 22, it skyrocketed to $7,504, closing the week with a solid green candle and a 5 percent increase for the period.
We saw the most popular cryptocurrency trading as low as $7,073 on the last day of the workweek, just to close with a small gain to $7,192.
The BTC/USD pair was not able to establish a definitive trend and this was even more obvious during the weekend sessions. It first moved to down to $7,148 on Saturday, erasing all winnings from the previous day. Then, on Sunday, December 22, it skyrocketed to $7,504, closing the week with a solid green candle and a 5 percent increase for the period.
- The BTC/USD pair initiated a reversal after bottoming at $6,600 on December 17.
- BTC needs to close above $7,500 and then $7,800 to confirm a mid-term reversal.