BTCUSD
had a good drop in the last 3 days. It now reached an area that can form a horizontal support; this would be the third touch so in case it holds we are going to see further move upwards.
As a soft resistance, we can also look at the diagonal trendline in figure - even if on the 10 December there was not a real touch.
Given the high volatility of the currency, augmented by several news in this week (and more to come by the end of the year), caution is advised.
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Original from my blog
Comment:
Treandline still holding and now functioning as resistance
