Bitcoin and Ripple’s XRP – Weekly Technical Analysis – December 7th, 2020


Bitcoin rose by 6.67% in the week ending 6th December. Reversing a 1.05% loss from the previous week, Bitcoin ended the week at $19,410.0.

It was a bullish start to the week. Bitcoin rallied from a Monday intraweek low $18,196.0 to a Tuesday intraweek high and a new swing hi $19,956.00 before hitting reverse.

The rally saw Bitcoin break through the first major resistance level at $19,268 and the second major resistance level at $19,884.

A pullback on Tuesday saw Bitcoin fall back through…

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