Bitcoin Price Technical Analysis for 12/07/2017 – Waiting for a Small Pullback

Bitcoin Price Key Highlights
Bitcoin price has once again jumped to record highs at $14,000 and may be undergoing profit-taking.
Applying the Fib tool on the latest swing low and high shows that the 38.2% level lines up with a rising trend line.
A larger pullback could last until the 61.8% Fib near a former resistance area.
Bitcoin price could be due for a quick pullback from its latest rally, offering more bulls a chance to join in.
Technical Indicators Signals
The 100 SMA is above the longer-t