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Bitcoin’s 5% recovery and what it means for December 2021
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Bitcoin fueled momentary panic on 26 November when the market dropped by more than 5% on the hourly candle. It registered a new monthly low of $53,500 and some relative concerns took shape. The consistent decline over the course of November had already hindered the positive sentiment a little and the lower range consolidation did not help over the past few days.
And yet, the larger narrative is still holding true to its core as the recovery last night presented another fair share of insight.
With November coming to a close, December could be looking at a completely different trajectory.
2021 has been unique for Bitcoin. Unique in a sense that over the course of the last 11 months, BTC has witnessed a new ATH multiple times. In between those
Read more on ambcrypto.comAbout this in other media
Why Do Prices Keep Going Up and What’s the Cause of Inflation? wsj.com /3 years ago
Bitcoin extends recovery as bulls aim for $55,000 economictimes.indiatimes.com /3 years ago
The dip that shook the market and what lies ahead, as Bitcoin crosses $50,000 ambcrypto.com /3 years ago
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