For the past three days BTC prices have been a flat line at $7,150 but over the past few hours it has moved to the upside in a 6% push to top out over $7,600 according to Tradingview.com<\/a>.<\/p>\n The momentum has taken the digital asset to a two week high and it has currently been halted by the same resistance if faced earlier this month.<\/p>\n Bitcoin is still firmly in its range bound channel that formed almost a month ago and until it breaks $8k this consolidation is likely to continue.<\/p>\n Crypto traders and analysts have started to turn bullish<\/a> as support holds and resistance gets retested. Josh Rager noted that failure on the $7,400 short and expects prices to push higher as monthly resistance gets tapped.<\/p>\n \u201cPrice currently breaking through monthly open and 0.786 fib of this range. Price could fall here but I think it pushes higher,\u201d<\/p><\/blockquote>\n https:\/\/twitter.com\/Josh_Rager\/status\/91071233<\/p>\n The weekly close has been a green one and the hammer candle formation could signal a bullish reversal of the six month down trend.<\/p>\n Sentiment appears to be strengthening in the crypto crowd as more comments such as this are appearing this morning;<\/p>\n Imagine shorting this $BTC<\/a> strength right now<\/p>\n — Satoshi Flipper (@SatoshiFlipper) December 23, 2019<\/a><\/p><\/blockquote>\n![\"bitcoin\"](\"https:\/\/uniquehot.com\/wp-content\/uploads\/2019\/12\/btcchart2312.jpg?resize=860%2C473\")
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