Tag Archives: Bitcoin (BTC) Price

So far, the month of December 2019 reminds us of the cruel month of December 2018.Last year it was the capitulation candle to $3122 that was achieved on December 15. This year’s December isn’t disappointing the bears at all: from the monthly high that was reached on Dec 4 at $7770, down to $6530, which is the current low on Bitstamp as of writing these lines.The bearish momentum is all over, and if you were following, we had stated that here in the previous price analysis posts over the past...

After two weeks of consolidation steadily above the $7000, Bitcoin broke below. If you were following the recent price analysis posts here, you would not be surprised.Bitcoin was showing weakness, not being able to overcome the mid-term descending trend-line (shown both on the following 4-hour and 1-day charts).Aside from this, the long positions are mysteriously increasing to their all-time high. This is definitely not a good sign for the bulls, as they are already smelling the long...