Current Market Cap: $133.24B(+$4.01B in one day) Bitcoin Dominance: 52.2%(-0.9%)

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Today I'm using three different trading tools and indicators: Bollinger Bands, Stochastic RSI and MACD.

Bollinger Bands show we are below the moving average ($3,975). High ranges at $4,060 and low ranges at $3,890.

Stochastic RSI indicates oversold conditions (12).

MACD shows we are above the Zero Line but the histogram has switched to negative. We could be re-testing support zones in the $3,800 range very shortly before coming back up for air.

Price Targets:

Entry $3,100- $3,900

Exit $4,000- $4,600

Bitcoin has been searching out its support and resistance zones in the $4K region and this is perfectly healthy for the market. The price has been swinging upwards of 5% in either direction on the daily.

In the last two months there have been FOUR difficulty adjustments to the network and all of them were down, which means it becomes easier and cheaper to mine BTC as a result.

Overall there was around a 31.5% drop in network difficulty since October and this will have a balancing effect for miners and their profits. Additionally the overall hashing rate has begun to rebound (up 38%) in just the past three weeks which means people are turning back on their mining rigs as profitability has returned.

Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-mini-t-a-12-22-2018

Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out

Need A Good Laugh?
https://steemit.com/bitcoin/@hotsauceislethal/what-kind-of-crypto-trader-are-you

Keep A Strong Hand!
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-increasing-dominance-and-shrinking-market-cap

My Latest Series:
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-1-when-to-buy
https://steemit.com/bitcoin/@hotsauceislethal/crypto-for-noobs-2-when-to-sell

*Never invest more than you are willing to lose and always do your own research before making any investment decisions. I am NOT a financial advisor and this is NOT financial advice- this material is intended for entertainment and informational purposes only. Hit "CTRL + or CTRL -" to change size of chart.
(All pictures are free domain images created by myself with the help of Coinigy.com.)