Reading time: ~ 2 m
Where will the main digital asset move after leaving the range of $ 46-48 thousand and why this should not be expected in the near future
This week, the price of bitcoin dropped to $ 45.4 thousand.On December 19, the cryptocurrency is trading at $ 47.5 thousand, and its capitalization is $ 900 billion, according to CoinGecko. RBC-Crypto experts predicted what will happen on the crypto market in the coming days.
The situation is unstable
The most likely scenario for further developments is the fluctuation of the bitcoin rate in the range of $ 47-50 thousand for a long time, says Nikita Soshnikov, director of the Alfacash cryptocurrency exchange service. In his opinion, by the New Year, the price of the first cryptocurrency may attempt to exit the range to the $ 55 thousand mark.
“This is facilitated by the Fed’s statement, and the general expectation of high inflation in the United States, and the expectation of a repeated increase in the key rate in 2022,” the expert explained.
Soshnikov admitted that Bitcoin will not have time to accumulate a “bullish” impulse for further movement and may get stuck in the range of $ 52-55 thousand. According to him, in this case, one should not expect a traditional pre-New Year “rally”.
Lack of prospects
Bitcoin fell victim to a panic sell-off that followed the publication of data on a record in almost 40 years of inflation in the United States, according to the head of the analytical department at AMarkets Artem Deev. According to him, this negatively affected all markets, including the stock and cryptocurrency.
“Bitcoin is sensitive to the high-tech sector in the United States, and it is in a downtrend in anticipation of a faster rollback of the quantitative stimulus program from the Fed,” – said the analyst.
According to Deev’s forecast, after a long stay in the range of $ 46-48 thousand, bitcoin will begin to decline to $ 40 thousand or below. Deev explained that the period of decline will continue for a long time, as institutional investors begin to enter the asset at the lowest price.
#Bitcoin #victim #happen #cryptocurrency #week
