Here’s why Bitcoin traders expect choppy markets for the remainder of 2021
Bitcoin price appears pinned below $48,000, leading some analysts to forecast “choppy” markets until Q1 2022. Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on Bitcoin and altcoin prices and currently the Crypto Fear and Greed index is solidly in the ‘fear’ zone where it has been parked since the beginning of December. Crypto Fear & Greed Index. Source: AlternativeDespite the brief bump in prices seen across the markets following the recent Federal Open Market Committee (FOMC) meeting where Fed Chair Jerome Powell....
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Here's a look at what we are focusing on in the bitcoin price this evening. Ok, the end of another week is here, and it’s been a great one for us intraday traders. Price hasn’t stayed still for long, and when it has, it’s generally been on the back of some solid momentum runs, so we expect consolidation here and there. We’ve got the remainder of the US session left to pull out some final cash from the markets, and with any luck, we’ll be able to set up against action and do just that. We’re coming off the back of a strong week, however, so if nothing presents itself as tradeable, we’re not....
Traders expect Bitcoin price to stay in a “choppy” $42,000 to $53,000 zone until confidence returns to the market. The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000. Data from Cointelegraph Markets Pro and TradingView shows that bulls are managing to hold BTC price above $49,000 but the generally outlook suggests that additional days of consolidation are in store. BTC/USDT 4-hour chart. Source: TradingViewHere’s a look at what....
$100,000 BTC is probably not happening, but analysts are hopeful that BTC can end the year above $50,000 and kick off early 2022 with a new all-time high. Bullish traders that drank the "Bitcoin to $100,000 by year-end" Kool-Aid are now coming to terms with the fact that there may be no Santa Claus rally to wrap up 2021. At the moment, the pipe dream has morphed into simple hopes that the top cryptocurrency can at least finish the year above $50,000. Data from Cointelegraph Markets Pro and TradingView shows that the bounce in price seen in BTC following remarks from Federal Reserve Chair....
The 2021 bull market continues to rage on, fueled by an inflow of institutional money, the likes of which has never been seen before in crypto. And it looks set to continue. Most experts agree that we can expect to see further growth over the remainder of this year, with the numbers to back it […]
ETH traders hint that the bull market could be back after Ethereum price hit $3,000 for the first time in 79 days. This week Ethereum's London hardfork was completed without a hiccup and investors have now reset their eyes on new highs above $3,100.Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH) did in fact experience a “sell the news” sell-off shortly after London went live but dip buyers quickly rushed in and pushed its price back above $2,800, its highest level since June 7. This bullish momentum extended further after Bitcoin price surged above....