Bitcoin Update 23th December 2020

Bitcoin Update 23th December 2020

Hey Traders, Let’s checkout Bitcoin update today but before that, Christmas is here, and everyone is in the mood of holidays, But what I suggest you is, this is the best time to learn more about trading and become an independent crypto trader. Join our webinar and start your trading career. Message me in Telegram @digiwhale

Bitcoin BTC Update 23th December 2020

A day before yesterday, I informed our all subscribers about the dump due to a recent leak of ledger wallet database on publicly accessible raid forums, which created a negative sentiment in crypto space. But on the other side, Microstrategy purchased another thousand Bitcoin as mentioned on the official post on their website.

BTC Update today

As we can see from the chart, the first dump with a big red candle is acceptable for respecting the bullish channel that Bitcoin has formed. But with the news of ledger database leak the bullish channel has been penetrated with higher selling volume, leading to a $22,5xx level. Luckily, we have seen great support at the price zone of $22,3xx – $22,5xx and Bitcoin able to close above the range.

From the recent price action, I can say the Bitcoin is forming a huge horizontal range or a consolidation zone ($22,3xx to ATH) which is really a great sign of bullish days.  The range of $1000-$1500 is big for a retail trader, but with huge price coin like Bitcoin, YFI is really a small range. We will also see consolidation for the rest of the day of 2020 because there will be a lake of trading volume due to holidays. People will love to spend their time with family or friends.

So overall thought is there is no any sign to sell at this level. We can sell bitcoin if there is a daily close candle below the consolidation range $22,3xx level.

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