Bitcoin (BTC) is trending down after hitting one-month highs around the latest macroeconomic data and policy update from the United States.
Having topped out at around $18,370 on Bitstamp on Dec. 14, BTC/USD is now giving back its gains, leading traders to eye where the next reversal may occur.
Opinions differ — some warn that support levels for bulls to hold are already tumbling, while others believe that recent events are just another dot on the path to much lower levels.
Cointelegraph…
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