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After last week's CPI turned the markets upside down, we are looking at the performance of the US dollar…
Cryptoreport for December 20
It seems like cryptomarket started to recover. The oldest cryptocurrency bounced from the $3,222 level on December 15 and continued to move up during the first days of the week. On Wednesday, Bitcoin has managed to rise above the $3,900 level. Some of the analysts suggest unrealistic forecasts for the last weeks of the year. For example, Bitcoin’s co-founder at Satoshi School see cryptocurrency to reach $20,000 by the end of the year, while Tom Lee from Fundstrat expects it to stay somewhere between $13800 and $14800. Do you believe it will happen? For now, if bulls continue to push the price of digital asset further, they will manage to break the resistance at $3,750. The next resistance is placed at $4,337. In case of bearish pressure, Bitcoin will fall towards the support at $3,222.
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