Bitcoin Price Key Highlights
Bitcoin price has been trending higher, completing a corrective wave recently and reaching one of the Fibonacci extension levels indicated in an earlier article.
Price is now testing the ascending channel resistance visible on the 4-hour chart and might be due for a move back towards support again.
Bitcoin price could be in for a quick selloff from here, as risk aversion is spurring demand for the safe-haven dollar, possibly allowing a test of the channel support.
http://www.newsbtc.com/2015/12/08/bitcoin-price-technical-analysis-for-8122015-hitting-the-ceiling/
