Monday, December 2, 2019

BTC Bears Return as Sentiment Wanes, Will Bitcoin Down to $6,000?

After a positive week, in which BTC represented a solid 18%, the bears seem to be returning to the force. This perception is again negative as the Christmas rally is expected to fall a second time and analysts are analyzing $6k.

BTC consolidates but for how long?


BTC remains above $7k for the second day of this week and has begun to create a consolidation channel here. At first, it is only a few days before making a big move so that something is imminent.
The trade dropped to $7,150, according to Tradingview.com, last night, but quickly returned to $7,350, where the property is currently listed. In the hourly chart, Bitcoin supports the 200-hour moving average.

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