BITCOIN TRADING IN DECEMBER

Updated: 12/22/2015 10:58
Reprints/Permissions  Hyip Monitor
bitcoin trading december
See the current market situation in Bitcoin trading, price on Bitcoin in November and December 2015, close forecast of the price development
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See the current market situation in Bitcoin trading, price on Bitcoin in November and December 2015, close forecast of the price development

BTC/USD broke above the 500-mark for the first time in over a year on November 04. It has shown consistent upward move since November 11, when it hit a low of 294.00 levels. The trend seems to have reversed over the weekend, with bitcoin price turning red and falling to 425.52 levels yesterday. It currently trades at 438.20 levels. Speaking of trading volume, it peaked in November and has been unable to reach that high ever since.

CoinDesk reported a report from Bitcoinity that showed that in November, the busiest day for exchanges was recorded on 26th November, when some 2.86 million worth of bitcoin was traded across all exchanges indexed by the data provider. Although the volume surge occurred during black Friday, market watchers told CoinDesk that the run-up was driven chiefly by traders and exchanges rather than commercial activity. In December, the trading volumes have been somewhat muted.

With holiday season just around the corner, the trend in bitcoin trading volume remains to be seen. On the downside, BTC/USD faces minor support at 425 levels. A consistent break below could drag the pair to 400 levels and then to 370 levels. On the reverse side, resistance is seen at 468 levels and a break above could see the pair reaching 480 levels and then to 505 levels.


About the author

Nicole Berger has over seven years experience writing and editing for online and print media. She has held various editor and associate editor positions in some of forefront independent media publications. A consistently dependable team player, I thrive in a high-pressure environment, enjoy the challenges of meeting deadlines and managing a team, and am comfortable researching, writing and editing on a wide range of topics.
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