On Tuesday, December 21, at the end of the day, bitcoin rose by 4.5% to $ 49102. The growth of quotations was promoted by risk appetite after the fall a day earlier. Since bitcoin has been in a sideways trend for a long time, there was high activity on the part of buyers during the Asian session. The dynamics of futures on American indices acted as a tailwind for the cryptocurrency market. The SP500 index rose by 1.78%. In the American session, the growth of quotations for bitcoin slowed down.
On Wednesday, December 22, buyers analyze the offer near the trend line (starting from the top of $68990 thousand) to continue moving to the level of $50 thousand, which is the resistance on the volume profile. The upper limit of the flat starts from the level of $51200. Bitcoin buyers use the increase in stock indices to restore the price to the psychologically important $50 thousand and keep the bull market until the American session.
On the global currency market, the dollar index fell from 98.58 to 92.29.
Trading volumes are declining ahead of the Christmas holidays in the United States and Europe. Buyers need to make a small effort to break through the trend line and the horizontal level of $49499 (maximum on December 15). The support is the $48100 level.