Cryptocurrency prices analysis and forecast – 10 December 2018

Cryptocurrency prices analysis and forecast – 10 December 2018

BTC/USD



BTC/USD is being traded at $3,695 and is in corrective growth. The last wave of a fall on Friday provoked the closure of short positions of market participants. On the eve of holidays, many traders expected to decide to withdraw their profits. Therefore, during the weekend, we saw the development of an upward correction. Since this growth is not connected with the arrival of bulls on the market, it is not worth expecting that growth will start from it. Closest support level is around $3,000. By the end of the year, another corrective accumulation will probably be formed. It is possible that it will be wider than the previous ones. Now there are no prerequisites for a reversal of the market trend. Therefore, we are likely to ...
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