Conclusion
The Christmas didn’t turn out to be merry for the bulls, and it looks like that with the majority of the market participants enjoying the year-end festivities, the cryptocurrency might not cross $465 in haste.
The technical indicators are clearly reflecting the bearish undertone. I expect a broad range of $400-465 for bitcoin until the end of next week. Short bitcoin if the price reaches $465 or if it breaks the crucial support of $400. Long positions can be considered above $433 for a target of $455.
http://www.newsbtc.com/2015/12/28/bitcoin-price-technical-analysis-for-28122015-watch-these-resistances/
