In general, the market has not managed to get rid of a bearish sentiment that was unleashed at the beginning of December, with the falls of 20% of the past day 4 and the tokens follow their queen in her attempt to come back.
However, given the price action of the cryptoasset, which is encapsulated between $ 46,000 and $ 50,000, fewer and fewer voices speak of a Christmas rally for the queen of crypto, which is 33% below its annual highs .
"Cryptocurrencies are clearly entrenched and reluctant to let another stellar year end on a negative note," says Craig Erlam, analyst at Oanda. "Many expected to reach six figures by the end of the year," he explains, referring to the predictions that bitcoin would reach 100,000 before the end of 2021. "Now you can cross your fingers and wait for half (50,000)," he sentenced .
"Bitcoin printed some bullish daily candles, but its general price structure did not change significantly: the descending wedge pattern is still in force," says Alejandro Zala, Bitpanda's country manager in Spain.
Loading
Comments