(BTC) bears lost in the last minute as 2021 drew to a close, and consensus is growing around China being the reason for the decline again.
- Bitcoin’s dominance falls below 40%
1 hour candlestick chart for the pair (Bitstamp). Source: TradingView China’s “last hammer” could now provide optimism to BTC Hours before the annual close, the BTC / USD pair plunged $ 2,000 to lows of $ 45,630 on Bitstamp before a modest recovery closed to 2021 at $ 47,200, as shown by data from Cointelegraph Markets Pro and TradingView.
Although this is something of an anticlimax and well below many popular projections, the lack of a parabolic rally in the price of Bitcoin has recently turned explanations to exchanges.
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