Technical indicators show that bitcoin is difficult to get out of the "Christmas market", the coin price may continue to fluctuate slightly

By    9 Dec,2021

In recent trading days, the price of bitcoin has had its ups and downs, first experiencing a big drop over the weekend and now rebounding to above $50,000. As we approach the holiday season, cryptocurrency analysts are beginning to assess whether bitcoin is likely to come out of the so-called "Christmas market".


In his weekly report, technical analyst Katie Stockton writes, "For the first time since April of this year, the MACD weekly indicator has issued a 'sell' signal, indicating that Bitcoin is increasing its investment risk at the end of the year."




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