Bitcoin Analysis for 2019-12-19 [Premium Analysis]

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The Bitcoin price reached a low of $6441 before initiating a strong bounce and reaching $7400. The bounce occurred right at the support line of the descending channel. However, the lack of volume and failure to close above the previously significant resistance areas makes us believe that the price will eventually drop below $7000. Bitcoin Price Highlights The Bitcoin price bounced

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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