The rise above $18,000 is the first sign of Bitcoin’s strength since November. It is breaking above a key short-term resistance trend line from $32,300, coming from $18,000. Bitcoin has been trading in a trading range since November and at the same time breaking above a key short-term resistance trend line. Bitcoin broke above this resistance trend line on December 20, 2018. As of December 20, price is breaking above a key short-term resistance trend line. Despite the recent bounce attempt, Bitcoin continues to encounter selling and new lows. On June 20, price made a low of $17,600 and on November 15, it fell to $15,600. The RSI has provided bearish divergence signals in the last week. Bulls hope for a big reversal from current levels.
