Bitcoin technical analysis. BTC-USD on December 16, 2018

December 16, 2018

At the moment there are no major changes in the market, step down and touch the MA50 chances are still great. Going below the MA50 for the current period will be difficult, for now hour timeframes demonstrate a slight opportunity to jump, but this does not cancel the global move down. If the MA50 is broken and the price locks below, it will be a bad signal, the market will continue the downward trend. Globally, we are still in a strong oversold, which also makes it possible to count on a step up. For now we can grow a little, but then still go to the MA50, from where you can already count on an increase in resistance to 5000.

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