Bitcoin This week, Bitcoin saw a small correction from the previously seen bearish trend in November. The cryptocurrency managed to rise by a total of 7.67% to reach the current trading level of $7,768. Bitcoin has a long way to recover, and for this market to be considered bullish again, we would need to see the coin break above the November highs at $9,600. If Bitcoin was to drop back beneath $7,000, we could then consider the market as bearish. Bitcoin now faces initial resistance at $7,915. Above this, resistance can be expected at $8,000, and then between $8,500 and $8,600, where lies the 100-days and 200-days EMAs. Toward the downside, support lies at $7,390 and $7,000. Ethereum Ethereum also witnessed a rebound this week, although the 4.28% increase is smaller than Bitcoin’s bounce. ETH found strong support at the $133.50 level, which allowed it to rebound higher to the current level of $157. Looking ahead, initial resistance lies at $165 and $180 (100-days EMA). Alter