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Bitcoin Price Analysis — December 23
In a sharp turn of events, Bitcoin has breached the 50K barrier after building upon the bullish momentum from Monday. The benchmark cryptocurrency has now reentered the 51.4K - 50.5K pivot zone, as bulls eye a parabolic run to 56K. That said, BTC still needs to record a sustained rally above the 51.4K top to negate the long-lasting bearish bias. Failure to do so in the near term could force a correction to the 
48K axis for the primary cryptocurrency.
Meanwhile, my resistance levels are at $51,400, $53,000, and $54,000, and my key support levels are at $50,000, $49,500, and $48,500.
Total Market Capitalization: $2.29 trillion
Bitcoin Market Capitalization: $925 trillion
Bitcoin Dominance: 40.4%
Market Rank: #1
48K axis for the primary cryptocurrency. Meanwhile, my resistance levels are at $51,400, $53,000, and $54,000, and my key support levels are at $50,000, $49,500, and $48,500.
Total Market Capitalization: $2.29 trillion
Bitcoin Market Capitalization: $925 trillion
Bitcoin Dominance: 40.4%
Market Rank: #1
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