The Santa Claus rally pushed Bitcoin (BTC) close to the $100,000 level and then the momentum faded, pushing it below $92,000.
$GMT GMT will also be on the spotlight this week as it unlocks tokens worth $16.4 million, representing 1.5% of the float. The token unlock will happen on Saturday, Jan. 4.
The GMT price went parabolic on Friday, reaching a high of $0.2500 and then suffered a big reversal to the current $0.164.
It has moved to the strong, pivot, reverse point of the Murrey Math Lines, while the Relative Strength Index has moved from the extreme overbought point of 90 to the current 50.
While the path of the least resistance for GMT is downwards, the token may bounce back as traders buy the dip. If this happens, the next potential reference level to watch will be at $0.2075, top of the trading range.
