This is Why Bitcoin Price is Hovering Between $45K to $50K For Long Time! - Aliens: AI Crypto News & Markets Updates
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This is Why Bitcoin Price is Hovering Between $45K to $50K For Long Time!

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Coinpedia

Tue, Jan 04, 2022

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Aliens TLDR

Bitcoin whales and bull sit quiet leaving the asset with the sea of uncertainty as the prices are not moving above $50K and refuse to drop below $45K The BTC price may still go parabolic to form a new ATH, but the volatility rate needs to be increased at the earliest Bitcoin prices still remain within the same braces and continue the same 2021 trend.

Moreover, yet again the weekly trade started on a bearish note and the BTC price continues to form lower highs and lows.

Let’s check it out: Bitcoin volatility depends deeply on the retail traders who buy and sell the assets every now and then.

No doubt the bull or the whale purchases do impact the BTC price but fail to keep up the volatility rate which is much required for a healthy market.

Currently, many bulls and whales are just accumulating at the dip whereas the retail traders remain off the track.

The future markets always have a deep impact on the BTC price more than the spot.

Overall, the bearish trend continues to hover throughout the market as the BTC price does not show any positive signs.

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