FX.co ★ Analysis of Bitcoin for December 26, 2018

Bitcoin has recently rejected off the $4,250 area, struggling to break above it with a daily close. The price had strong bearish impulsive pressure leading the price below $4,000 area now and expected to lead the price towards the support area of $3,500-600 area before any bullish pressure to be observed in the process. The price has recently also broke below 200 EMA which put the overall bullish bias into indecision for the future moves. As the price remains above $3,500 area, the bullish pressure is expected to be observed but with certain correction and volatility along the way.

SUPPORT: 3,250, 3,500, 3,600

RESISTANCE: 4,000, 4,250

BIAS: BULLISH

MOMENTUM: VOLATILE