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Bitcoin, Dogecoin, Monero Price Analysis: 16 December
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The past two days have marked a decent bullish recovery attempt as Bitcoin endeavors to re-enter the $50,000 zone. Dogecoin, as usual, did not fail to flash its high volatility after a staggering surge on 14 December.
The near-term technicals for Bitcoin, Dogecoin and Monero, hinted at decreasing selling pressure.
Bitcoin (BTC)
TradingView, BTC/USD
After striking its ATH on 10 November, BTC consistently fell in a down-channel (yellow). As the fear sentiment kicked in, the largest crypto saw a meltdown after a massive sell-off. After an over 27% loss on 3 December, it poked its nine-week low on that day. The bearish motion gained force as the bulls failed to uphold the crucial $53,400-mark.
Now, over the past ten days, BTC marked a down-channel
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