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Bitcoin continues to rally, reaching towards the highs again during the trading session on Tuesday. We are currently pressing against the $11,900 level, so it has become obvious that the market is going to go looking towards the $12,000 level. At this point, looks like pullbacks continue to offer buying opportunities, and we should see plenty of support near the $11,400 level.



Bitcoin has pulled back during the day, but found the 20 SMA on the 4-hour chart to be supportive enough to find buying again. The ¥1.35 million level seems to be the next target, and although we are a little bit overbought at this point, it still looks a lot like a market that you need to buy the dips in, as we continue to build up momentum.

Thanks for watching, I’ll be back tomorrow.

The post Bitcoin Analysis December 5, 2017 appeared first on NEWSBTC.

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