Bitcoin ended a brief period of stability on Dec. 8 as selling pressure forced markets towards lower support. Data from price trackers including CoinMarketCap and TradingView showed BTC/USD heading below $19,000 during trading, falling short of $18,500 support.
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Markets Report: Bitcoin seals a week of compression as bulls demand $9,400 close
An increasingly narrow price compression zone is due for disruption, but influential price factors mean Bitcoin is stuck just north of $9,000
Bitcoin is ending its latest week’s trading just inches from where it began on Monday, as a major breakout evades the market. Despite fluctuations throughout the week, Bitcoin price performance failed to inspire traders, with a narrow trading corridor characterizing the market.