BitCoin - Technical Analysis: Wednesday, 20/12/2017 06:24 GMT

Bitcoin price fell under strong negative pressure to break the main bullish trend line, pushing on 23.6% Fibonacci correction level for the rise from 5645.00 to 19666.00 to move below it, indicating that the price is on its way to suffer more losses.

The next target reaches 14310.00, and that will be confirmed by settling below 16357.00, while surpassing this level then 17280.00 will push the price to return to the main bullish trend again.