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Eruptions Newsletter 12-14-22

Bitcoin BTC has ranged between $16.7k and $18.4k with a week over week price change of +6.46%.

Price is currently looking to flip our custom Lava MAB (moving average band) on the daily timeframe into support, which would be a bullish move for the coming weeks.

The $18.2k resistance continues to hold, however.

Meanwhile, Sam Bankman-Fried, the disgraced founder of the collapsed cryptocurrency exchange FTX, was arrested in the Bahamas on Monday after U.S. prosecutors filed criminal charges.

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