While Bitcoin continues to be traded sideways and no sign of an altcoin season shows up, the crypto business continues its development.
Current support/resistance: $7'000/$7'500
The crypto expansion continues its path. The multinational SoftBank has announced a new cryptocurrency wallet card that will allow its 22 million of users to spend cryptocurrencies among 10'000 merchants across Japan. Now that multinationals are joining the march with the freshly blooming startups, the competition is promised to be tougher and the widespread faster.
In terms of technical indicators, the price will need to reach the $8'000 level before the end of December to avoid a bearish year. The MACD started indicating a reversal in the trend, giving a buy signal. The 20 days moving average is getting closer and closer to the price, and it may be possible that this indicator will start being bullish before the end of the week.