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Analysts warn that possible downside wick could push BTC price as low as $44K
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It looks as though the year-end rally that many crypto traders had hoped for will have to wait until 2022, as Bitcoin (BTC) bears gained the upper hand on Dec. 28 and hammered the price of BTC below support at $48,000.
Data from Cointelegraph Markets Pro and TradingView shows that an early morning wave of selling broke through BTC support at $50,000 and was followed by a second wave in the early afternoon that dropped the top cryptocurrency to a daily low of $47,318 before bulls managed to stem
Read more on cointelegraph.comAbout this in other media
Bitcoin crash ahead? Expert warns higher inflation could whip BTC price to $30K cointelegraph.com /2 years ago
Bitcoin performs classic bounce at $40.7K as BTC price comes full circle from January 2021 cointelegraph.com /2 years ago
Will this time be different? Bitcoin eyes drop to $35K as BTC price paints 'death cross' cointelegraph.com /2 years ago
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