(Kitco News) - Monday, December 8--December bitcoin futures prices are higher in early trading Monday. The bulls have stabilized the market and a price downtrend on the daily chart has stalled out. Also, see on the chart that the Moving Average Convergence Divergence (MACD) indicator is in a bullish posture now, as the blue MACD line is above the red trigger line and both lines are trending up. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 4.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).


