Bitcoin Price Analysis & Overview December 25th
Bitcoin saw a further 7.5% price surge over the past week, with today’s 5% price hike putting it at a new ATH of $24,660
The digital currency had entered above $20,000 on December sixteenth, and it kept on rising a week ago until it met obstruction at $23,853 (1.618 Fib Extension – purple).
The purchasers battled to break this opposition in the course of the most recent couple of days as it proceeded to exchange sideways among $23,853 and the help at $22,708 (.236 Fib Retracement).
Bitcoin bounced back from the lower limit of this reach yesterday, and it pushed higher over the $23,853 opposition today to come to the recently made ATH. It has since dropped somewhat as it exchanges at $24,145.
Looking forward, if the purchasers keep on driving higher, the main degree of obstruction lies at $26,064. This whenever followed by $25,684 (1.272 Fib Extension), $26,000, $26,568 (1.414 Fib Extension), $27,163, and $27,880 (1.618 Fib Extension).
On the opposite side, the main degree of help presently lies at $23,853. This is trailed by help at $23,000, $22,708 (.236 Fib), $21,721 (.382 Fib), and $21,000. Added uphold is found at $20,000, $19,893 (Previous ATH), and $19,173 (long haul .382 Fib).