Bitcoin price is testing a very critical support level of $48000 this time. If bitcoin price fell below this level then mother currency will witness the level of $42500. On upside btc is testing the resistance of $52500. Many factors are effecting on bitcoin price like regulatory frame work is going in many countries like India. US fake inflation is also effect the markets.
total market cap is 2.2 trillion dollars at this time of writing which is decreasing day by day.
Tt this time ( 12/12/2021) bitcoin is looking bearish. btc price can crash to $42500 in short term