Bitcoin rejected volatility on December 24 after a fraught trading period courtesy of the $1.3 billion Ripple lawsuit. The pair had ranged throughout the $23,000-$24,000 zone on Wednesday, as mixed signals over the knock-on effects of regulatory attention on Ripple and XRP served to spook sentiment.
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Markets Report: Bitcoin hits classic resistance amid warnings of $16,000 dip
A rejection at $19,400 provides a familiar pause for thought as futures gaps line up and analyst Willy Woo forecasts a break until January for the bulls
Bitcoin begins a new week inching closer to $20,000, but selling pressure is reining in the bulls—what’s to come? Bitcoin set itself apart over the weekend, climbing out of last week’s lows to hit $19,400 on the back of three-day gains which reached 10.5%.
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Markets Report: Bitcoin simmers at $19,000 as traders wait for direction cues
Major volatility becomes uneasy consolidation as Bitcoin takes stock just below its historic all-time high
The start of the week produced wild price swings for Bitcoin, which shed almost $2,000 on Tuesday. Afterwards, a period of consolidation appeared to begin, with the largest cryptocurrency fluctuating in a wide corridor with $19,000 as its focal point over the past 24 hours.
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Markets Report: Bitcoin sees $3,000 daily losses in test for FOMO investors
Lows of $16,300 appear with Bitcoin then recovering to around $17,000 support, but higher levels must return for a bullish continuation
Bitcoin saw a drop which only rivals its March crash on November 26 as selling pressure resulted in a landslide to near $16,000. Data from price trackers including CoinMarketCap and TradingView showed BTC/USD falling dramatically in Thursday trading, losing $17,000 support and bottoming out only near $16,300.
