BTCUSD Dec 11

BTCUSD price is in a sideways trend above the $7,400 and $7,440 support levels. On the upside, there are a few important resistances near $7,580 and $7,600. A successful break above $7,600 and a follow-through above $7,700 is likely to start a strong rally towards the $8,000 resistance zone .Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.