Eruptions Newsletter 12-14-22
- Dec 21, 2022
- 1 min read
Bitcoin BTC has ranged between $16.7k and $18.4k with a week over week price change of +6.46%.
Price is currently looking to flip our custom Lava MAB (moving average band) on the daily timeframe into support, which would be a bullish move for the coming weeks.
The $18.2k resistance continues to hold, however.
Meanwhile, Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges.
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