Price Analysis 13/12: BTC, Cryptos Prepare for Possible 'Santa Rally'

If the bulls can scale above this resistance, a rally to the downtrend line is possible.

Currently, the bulls are trying to push the price back above the uptrend line of the ascending triangle and $0.22.

If the bulls fail to propel the price above the 20-day EMA, the bears will again attempt to sink the price below $0.20946.

If the bulls succeed in pushing the price above this resistance, the BCH/USD pair might start a rally to $306.78.

Conversely, if the bulls manage to push the price above the small downtrend line and the 20-day EMA, a range-bound action between $50 and $42.0599 will ensue.

The LTC/USD pair could pick up momentum above $50. Therefore, traders can buy on a close above $50 with a stop loss below $42. The target objective is a rally to $66.EOS/USDAlthough EOS dipped below the support at $2.5804 for the past two days, the bears have not managed to close below it.

The bulls will now try to push the price above the 20-day EMA. If successful, the range-bound action between $2.5804 to $2.5695 is likely to continue for a few more days.

Above this level, a rally to the downtrend line and above it to $3.69 is possible.

Conversely, if the bulls can carry the price above the 20-day EMA, the BNB/USD pair might remain range-bound for a few more days.

If the price turns down from $1.85 once again, we expect the buyers to step in at $1.65 and below it at the 20-day EMA.Contrary to our assumption, if the bulls propel the price above $1.85, it will signal a major bottom and the next target could be $2.95.