Bitcoin fails to hold rise above 19,500 again

Earlier today Bitcoin launched another attempt at making a sustained break above 19,500. The price did briefly rise above that level, but stalled just above 19,550. Since then it has slipped back towards 19,000 again. Yesterday, Bitcoin spent most of the afternoon session trading sideways around 19,200. The move lower today could accelerate to the downside if the price drops below that 19k level again. The overall picture still looks sideway, but the continued failure to lift above 20k ahead of the year end is surely adding pressure on existing longs to take profit. The fact that UK retail investors are going to have to exit synthetic positions ahead of January 6 is also something that should not be forgotten just yet either. Bitcoin is just now trading at 19,175