The sideways market continues...
Current support / resistance: $7'300 / $7'800
The price of Bitcoin has stabilized above $7'300 the current support. Unfortunately, the buying pressure to is too weak to break the actual resistance at $7'800. This resistance has been tested several times and this increases the probability that the price will fall below the actual support. Indeed, the price is in a small descending triangle since two weeks now. On the other hand, if the price has stabilized above $7'300 in this sideways market, we can hope for a recovery before Christmas. In terms of technical indicators, the RSI indicates a more neutral region now and the MACD lines are close.
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