Bullish traders who predicted “$100,000 by the end of the year” are now coming to terms with the fact that there may not be a Santa Claus rally by the end of 2021. For now, the illusion has turned into mere hopes that the top cryptocurrency can at least end the year above 50. $0.000.
Data from Cointelegraph Markets Pro and TradingView shows that the price bounce seen after Fed Chairman Jerome Powell’s comments has practically evaporated and in the last 48 hours the price reached new lows at $45,500. It can go down more.
4-hour chart of BTC/USDT. Source: TradingView Here’s a look at what traders are thinking about the current bitcoin price movement and what might be in store for the remainder of 2021.
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