Bitcoin Price Technical Analysis for 12/19/2017 – Larger Pullback Underway?

Bitcoin Price Key Highlights
Bitcoin price is still in correction mode, failing to make new highs after bouncing off the trend line support.
This signals that buying momentum remains weak and that a deeper pullback might be needed to draw more bulls in.
Still, if another wave higher happens, the Fib extension tool shows the next upside targets.
Bitcoin price might need a larger pullback before attempting to set new record highs past the $20,000 handle.
Technical Indicators Signals
The 100 SMA is