Bitcoin Exhibits 0.84% Kimchi Premium in South Korean Market on December 22
Bitcoin Pricing: On December 22, Bitcoin was trading at 131.06 million KRW on South Korea's Upbit exchange, showing a slight decrease of 0.31% from the previous day.
Kimchi Premium: The price difference between Bitcoin on Upbit and Binance resulted in a kimchi premium of 0.84%, with Ethereum and other major altcoins also exhibiting similar premiums ranging from 0.7% to 0.9%.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 57564.55 | 61282.275 | 64590.64 | 68308.365 | 71616.73 | 75334.455 | 78642.82 |
| Fibonacci | 61282.275 | 63966.241 | 65624.399 | 68308.365 | 70992.331 | 72650.489 | 75334.455 |
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