Bitcoin traders expect $60K by month’s end, marking $45K as ‘accumulation’ By Cointelegraph

Bitcoin traders expect K by month’s end, marking K as ‘accumulation’ By Cointelegraph
Bitcoin traders expect K by month’s end, marking K as ‘accumulation’ By Cointelegraph © Reuters.

The bearish pressures facing the cryptocurrency market at the end of 2021 have continued into the first week of 2022 after the price of (BTC) dropped below $47,000 on Jan. 1 and the asset still faces stiff headwinds on the shorter timeframe charts.

Data from Cointelegraph Markets Pro and TradingView shows that, after climbing above $47,500 to start the new year, the price of BTC fell under pressure in the afternoon on Dec. 3. Currently, the price has dropped to $46,500 where bulls now look to mount a defense.

BTC/USDT 4-hour chart. Source: TradingView 1-week chart. Source: Twitter (NYSE:)BTC/USDT 6-hour chart. Source: TwitterBTC/USD 1-day chart. Source: Twitter

Continue Reading on Coin Telegraph

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *