Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenari

[Jentot]

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.

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.

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