Bitcoin gains after $46K drop as 'bottoming out' continues into 2022
With the odds of a squeeze still high and ample liquidity below recent lows, traders are betting on volatility as 2021 ends. Bitcoin (BTC) recovered from fresh lows on Dec. 30 as markets remained undecided on their end-of-year trajectory.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$46,000 may not mark floorData from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing to $47,731 on Bitstamp, reversing almost all of the previous day's losses.Prior to the Wall St. open, the pair was still above the $47,000 mark, as traders nonetheless warned that choppy BTC price....
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