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Here’s why analysts expect ‘choppy’ Bitcoin price action between $42K and $53K
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The wider cryptocurrency ecosystem is in a heightened state of fear on Dec. 6 after the Dec. 3 market sell-off continues to send ripples across the the sector and Bitcoin (BTC) price remains pinned below $50,000.
Data from Cointelegraph Markets Pro and TradingView shows that bulls are managing to hold BTC price above $49,000 but the generally outlook suggests that additional days of consolidation are in store.
Here’s a look at what analysts are saying about what to expect from BTC price in the coming weeks.
Insight into the weekly price action for Bitcoin was provided by market analyst and pseudonymous Twitter user ‘Rekt Capital’ who posted the following chart highlighting the major support and resistance zones traders should keep an eye
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