Bitcoin – the rest of December

I was expecting a drop in Bitcoin price and here it is

Having been range bound in the $3675 – $3850 (coinbase prices) region for over 2.5 days, BTC was showing signs of dropping below that range.

It formed a gently tapering triangle, indicating another price drop before the end of the year, but we didn’t have to wait that long. Declining volume signalled the direction of the change in advance.

Its possible that a strong recovery of the large financial markets prompted buying there with funds partially drawn out of speculative crypto investments.

As I said a few days back, I believe

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.