BTC/USD Forecast: Bitcoin to Grind Toward Support – 11 December 2020

[CAD:EN – 2 – Bitcoin trading opportunities – Trade Now CTA] The Bitcoin market fell during the trading session on Thursday as we reached towards the $18,000 level. We have bounced from there slightly, but we are still likely to continue to see more selling, simply because the market has a lot of work to do in order to digest the massive gains that were previously seen. We had formed a hammer during the trading session on Wednesday, and the Thursday candlestick does seem to back that up. We probably will continue to go lower in the short term, but eventually we will see a turnaround. What is …