Wednesday, December 4--December bitcoin futures prices are near steady in early trading Thursday.
The bulls have stabilized prices, which is encouraging for them. 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. While the bears still have the overall near-term technical advantage, a price downtrend on the daily bar chart has also stalled out. See the important technical support and resistance lines on the chart. Wyckoff’s Market Rating: 3.0 (out of 10.0, with 1.0 being the most bearish and 10.0 being the most bullish).
