We had a well come bounce after the dump 2 days ago on 22 December. After that we had another down move to about $13550 on Bitstamp

It looks like the key support is at $13550 on Bitstamp and we would like to see lower highs from here to see bitcoin move towards $17000 again.

The bears are still in control and we need to be cautious. We had a bounce, but it was not as big as what we have seen in the past.

Here are more details from The Chart Guys on 23 Dec:

https://www.youtube.com/watch?v=HSiGZ_PNtMs

I also had a look at Haejin Lee analysist. He looks at a much longer view for the bitcoin price. It is interesting to see he is bearish now but very bullish later.

Here is Haejin Lee’s view:
https://www.youtube.com/watch?v=IO46IGPCAgE

I see 2 technical analysist being cautious so I am too.

Please comment below with your thoughts on the Bitcoin price.

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