Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios
The price of Bitcoin is consolidating around $19,000 as traders brace for a possible pullback.
(https://i.imgur.com/LUP4FGh.jpg)
The price of Bitcoin (BTC) was rejected by the $19,500 resistance level yet again on Dec. 4, with traders becoming increasingly uncertain about what's next for BTC/USD.
Bitcoin rally keeps stalling at $19,500
Some foresee the dominant cryptocurrency undergoing a consolidation phase or another minor correction in the near term, particularly as the U.S. dollar is showing signs of a possible recovery.
Others, however, expect the crucial $18,500 support level to hold, which would likely set up BTC to retest the key $20,000 level and a new all-time high in the near future.
See more for yourself here (https://cointelegraph.com/news/bitcoin-traders-nervous-after-19-5k-rejection-here-are-the-bear-bull-scenarios)