Bitcoin Price Showing Hidden Signs of Reversing — Next Target $8.2K

Cointelegraph | Dec 6, 2019 at 6:21 PM
  • This week Bitcoin (BTC) continued to trade within a tightly defined range and at the time of writing the price is flat.
  • The moving average convergence divergence (MACD) has crossed the zero line to the bearish side, meaning that the underlying moving averages are now crossed bearishly.
  • The likely outcome is that there will be more volatility within this current consolidation before Bitcoin makes more of a definitive move to retest previous critical weekly support and resistance levels.