On the last day of 2019 we are looking at a weak performance from BTC. We were hoping to see a positive year-end session, still due to low trading volumes and the overall bear pressure, buyers could not establish a solid trend and start 2020 with a bang.
One more thing. Bear market ?!? BTC Is 90% up since January 01, 2019, so just chill and enjoy the New Years Eve.
- Bitcoin rejected at $7,500 !!! BTC needs to close above $7,500 and then $7,800 to confirm mid-term reversal.
- Potential break of the current uptrend, still expecting the Fibb 61.80 to provide support.
One more thing. Bear market ?!? BTC Is 90% up since January 01, 2019, so just chill and enjoy the New Years Eve.