This recent move is best case scenario pretty much for the shorter term. Of course BTC quite uniquely will keep on trading over holidays no matter what so not the highest volume but still should help outlast various moving averages and provide some fuel towards an attempt at higher levels of resistance. Its past weekly average and upto the monthly average about here now, decent looking
4hr bars on the chart; still more work required to extend this positive out further still and build.
Still need more further information about how this going, usually near christmas market going red cause of holiday, this year has many surprice and make usual decision becomes scared to take, me personally are not going to take any decision yet since the market still in sideways and let it calm first before entering a trade.
But anyway, let's hope this is the start of the new bull run.
This year has brought many surprises with many uncertainties. Over the level of 50K, which has become a new level of support, Bitcoin is trying to gain a foothold. The good thing is that Bitcoin is still attracting investors. In general, currency accumulation marks the beginning of the bullish trend.
