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Merry Christmas – Bitcoin still in bear

Olymp Trade

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Today is a Christmas holiday of many countries such as USA, UK, Canada, German, Australia, Hong Kong, etc. But Stock Exchange Thailand still works today. If SET still keeps moving above 1730 points, it may wait to rise before New Year. In my opinion, investors may not trade actively today so markets which open may move flat in red and green zones.
Gold price may move sideways up. If gold price can break over 1285USD, it may have strong bullish trend. Oil price may try to hold steady above 65USD. While EUR/USD may move flat between 1.1825-1.1900 as investors are celebrating Christmas.
Bitcoin price has been falling for a week and the recent price is lower than 12,500USD. In my opinion, if Bitcoin price on one day timeframe closes lower than 12,000USD, it may fall to 10,000. On the other hand, if Bitcoin price can recover and rise higher than 14,500USD, it may stop this bearish trend.

By Niramon Nitnitiphruet
Financial analyst, Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com
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