Bitcoin Price Technical Analysis for 12/22/2017 – Bears Settling In

Bitcoin Price Key Highlights
Bitcoin price continues to trend lower and has just dipped below the $13,500 mark.
Price seems to be drawing some support from this area, though, probably making its way up for a correction.
Applying the Fib retracement tool shows the nearby inflection points that might serve as resistance.
Bitcoin price is trending lower on its 1-hour time frame and might be due for a pullback to the area of interest at $16,000.
Technical Indicators Signals
The 100 SMA is below the