In the midst of the April Fools' Day holiday, the cryptocurrency market experienced a further pullback in price action, bringing down as much as an estimated 5% for the major cryptocurrencies by market capitalization.
This new pullback is still a known pattern that basically belongs to a lateralized range zone that Bitcoin has been doing between $45,000 and $50,000 so, from my appreciation nothing has changed and we will continue in this accumulation zone before looking for new targets.
Certainly nothing has changed, yet with only three days to close this great year 2021 seeing a potential recovery in Bitcoin price action seems to be an unattainable theme.
One thing to consider is that with just a few days to go before the close of the year the big Bitcoin holders continue to sell off very much despite the attractive gains they have made throughout 2021.
This action by large Bitcoin holders to sell their units left and right may not stop in the next few days, so we are likely to see Bitcoin return to $45,000 before the end of the year.
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The cover image was designed by the author: @lupafilotaxia, incorporating image background: Source: financemagnates
Greetings @lupafilotaxia ❤️💕
Bitcoin market trend is really kind of confusing these days. We keep getting different price prediction from different BTC analyst. Let's just keep hoping for a bullish market next year since this year is already coming to an end.
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️💕❤️
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hello @lupafilotaxia,
many people are obsessed with the value of BTC, when the most important thing that happened this year is that BTC proved that it could reach new all-time highs. if we analyse the market we realise that this was a great year for the whole ecosystem, so the value of BTC at 30k is already a great goal accomplished.
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You are absolutely right a small correction also shaken the whole crypto market as small investors start selling their holding in panic and big investors buy this opportunity and make their wealth more stronger.
We need to hold tight our holding and keep it for long term investment.
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Hi @lupafilotaxia
That it will reach a price above 60 as predicted is quite difficult. I think it will close the year below 52k. I don't think more. And even below 50.
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Hello dear friend @josevas217
At this point, I believe that most probably at year end we will be closer to $45,000, this whole issue of reaching $100,000 at year end is already a very difficult issue to reach.
Best regards, be well.
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Hello friend @lupafilotaxia. Certainly at this point and with the current trend, reaching 100k before the end of the year is a pending matter. I agree that it will already close below 50k, let's hope to see its recovery at the beginning of next year. Greetings my friend.
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Bitcoin price has been falling down and in the current trend its most of the time below 50k usd mark. I accept the year and will be happening with somewhere around 48 ke US dollar by this year and there is a long way to reach 100k for btc. Nice post
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Hopefully it will continue in this innocent correction, greetings friend and thank you for your valuable contribution.
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very good
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Thanks for sharing your valuable post with us your written very well here good post.stay connected and stay safe.
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From the decline in market prices, I think the value will be at 50 for a few weeks.
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