BTC sentiment 'comparable to a funeral' — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts a new week with traders still digesting the impact of the last — a major price drop that at one point saw $41,900.
A modest recovery is now competing with some formidable resistance, first of which is $50,000.
As a sense of déjà vu pervades markets, analysts are coming to terms with the fact that the end of Q4 2021 will likely not produce the blow-off top that they had anticipated.
There is also concern that another, deeper, BTC price floor may have to enter before a genuine recovery takes place.
What could happen in the last few weeks of the year? Cointelegraph takes a look at five factors on everyone’s radar for the coming week.
After nearing $50,000 earlier this weekend, BTC/USD is now back around $48,000 — still down 16%
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