#ChristmasMarketAnalysis Bitcoin has broken the floor of the rising trend channel in the short term, which indicates a weaker initial rising rate. The currency is between support at points 92000 and resistance at points 98000. A definitive break through of one of these levels predicts the new direction. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the currency. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The currency is overall assessed as technically neutral for the short term.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.