Cryptocurrency prices analysis and forecast – 11 December 2018

Cryptocurrency prices analysis and forecast – 11 December 2018

BTC/USD



BTC/USD is being traded at $3,532 in the correction. The $3,800 area became an obstacle to corrective growth. For the past trading day, the price could not overcome this mark. The potential of the current correctional growth has not yet been exhausted. The upper bound for the current correction of $3,900 has not been tested. Therefore, continued growth can still take place. In any case, the current upward wave should be considered solely as a rebound after the previous decline. After some stabilization at current levels, a move to $3,000 looks very likely. The amplitude of the waves is too small to talk about the formation of a pivot point. Therefore, we are likely to see the testing of the $3,000 level, this year or the next ...
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