March 28, 2024

News Collective

Complete New Zealand News World

Traders Delay Bitcoin Expectations to $100,000 But Still Waiting for Historic Peak in 2022 By CoinTelegraph

© Reuters. Traders Delay Bitcoin Predictions to $100,000, But Still Expect Unprecedented Peak in 2022

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.

Read the full article on Cointelegraph

Legal Warning: Fusion Media I would like to remind you that the data on this website is not necessarily current or accurate. All CFDs (stocks, indices, futures) and forex prices are not provided by exchanges but by market makers, and therefore prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not appropriate for trading purposes. Fusion Media therefore assumes no responsibility for any business losses you may incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media shall have no liability for loss or damage as a result of reliance on the information including statements, quotes, charts and buy/sell signals included on this website. Please be fully aware of the risks and costs associated with trading the financial markets, it is one of the riskiest forms of investment.

See also  There's an attraction: Honda CEO doesn't see Toyota's hydrogen cars feasible