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Bitcoin continues sideways since yesterday

08 Dec, 2020

For most of the session yesterday Bitcoin went essentially nowhere. It traded sideways inside a range covered by 19,000 to 19,300. However, late in the US session it dropped back below a technical support level it had created just above 19,000. That mini break saw some limited downside extension as the price dropped to as low as 18,910. Since then it has rebounded today so far, but not beyond 19, 300 and certainly not close to threatening a break above 19,500 yet. The range today has so far been covered by 19,083 to 19,298. Bitcoin is presently trading at 19,187

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