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Bitcoin dips below $47K but one trader is eyeing 'solid risk/reward' for longing BTC now
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Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600.
Data from Cointelegraph Markets Pro and TradingView showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%.
The latest move in a familiar pattern of behavior, the market showed that the range in which Bitcoin has acted in December remains very much in play.
As market participants resigned themselves to a lackluster end to the year, popular trader
Read more on cointelegraph.comAbout this in other media
Bitcoin Slumps More Than 40% From November's All-Time High Of $69,000 ndtv.com /2 years ago
Bitcoin dip below $40K follows Fed signal of a possible fourth rate hike in 2022 cointelegraph.com /2 years ago
Bitcoin drops below $40,000 for first time since September after Fed spooks investors euronews.com /2 years ago
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