Bitcoin turns to rise – Technical Analysis – 26-12-2017

After Bitcoin price succeed to reach the extended target at 11000.00, the price provides clear positive trades that indicate the strength of 61.8% Fibonacci correction level against the recent negative pressure.

The price attacks the exponential moving averages 50 and 100 now, on its way to achieve more rise.

Surpassing 16357.00 will confirm the continuation of the bullish trend and head towards 20000.00$ barrier as a next target.