During the early hours of December 12, with the value of about $ 12.11 billion worth around 12, 12,000 dollars, on December 12, Bitcoin came close to approximately $ 16,500, for a few hours the Bitcoin market was on the coast with the border and then around At 12 o'clock the EDT price started moving towards the south and dropped a deep foot below US $ 15,400. It has increased in value at the moment, and fast traders are trying to reduce the prices of prices above the $ 16k borders
Technical indicators”
Looking at this chart, it shows that bulls have a lot of work to do, if they want to understand the prices at the beginning of this week. Looking at the selling party's order books, there are some important walls to hinder the $ 16,500- $ 17,000 range, although on the other hand, the background of the buying wall shows some strong foundations, but the traders should be careful that Price decreases from $ 15,250.
This short-term 100 Simple Moving Average (SMA) is 200 way above SMA, which means that some higher upturn in price will look north. RSI and Stochastic oscillators still show huge amounts of status, but both indicators are telling this story regularly. The most important obstacle bulls faces will be three major areas, which will include $ 16,500, $ 17,200 and $ 17,500 so that the new grounds
“Novogratz sell your light counts and beat bitcoin $ 40K while see COB futures less"
These Bitcoin supporters and community spirit still looks quite positive, and many still believe that the price will remain high for even more years in the coming years. For example, after seeing the recent spike of Micro hedge fund managers, Michael Novogratz Light Coins in the Fort Investment Group, more optimistic about Bitcoin’s, according to an interview with CNBC on Novogratz, LTC added litecoin after the price of more than $ 300 Decided to sell holdings, and Bitcoin reached $ 40,000 in just two months.