Price Analysis 13/12: BTC, Cryptos Prepare for Possible ‘Santa Rally’
Rakesh Upadhyay's original article for cointelegraph.com reduced by 73%
If the bulls can scale above this resistance, a rally to the downtrend line is possible. If the bulls fail to propel the price above the 20-day EMA, the bears will again attempt to sink the price below $0.20946. If the bulls succeed in pushing the price above this resistance, the BCH/USD pair might start a rally to $306.78.
The LTC/USD pair could pick up momentum above $50. Therefore, traders can buy on a close above $50 with a stop loss below $42. The target objective is a rally to $66.EOS/USDAlthough EOS dipped below the support at $2.5804 for the past two days, the bears have not managed to close below it.
Above this level, a rally to the downtrend line and above it to $3.69 is possible. Conversely, if the bulls can carry the price above the 20-day EMA, the BNB/USD pair might remain range-bound for a few more days. If the price turns down from $1.85 once again, we expect the buyers to step in at $1.65 and below it at the 20-day EMA.Contrary to our assumption, if the bulls propel the price above $1.85, it will signal a major bottom and the next target could be $2.95.
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CN [too long; didn’t read]
Summarised crypto news.