Thursday, October 6

Bitcoin traders expect a price of $ 60,000 by the end of the month and mark the $ 45,000 level as a “accumulation” zone By CoinTelegraph

© Reuters. Bitcoin traders are expecting a price of $ 60,000 by the end of the month and mark the $ 45,000 level as a “accumulation” zone.

The downward pressures facing the cryptocurrency market in late 2021 have continued into the first week of 2022 after the price of () fell below $ 47,000 on January 1 and the asset is still facing big setbacks in shorter time frames.

Data from Cointelegraph Markets Pro and TradingView show that after rising above $ 47,500 to start the new year, the price of the cryptocurrency fell under pressure on Monday afternoon. Currently, the price has fallen to $ 46,500, where the bulls are now looking to mount a defense.

4-hour chart of the BTC / USDT pair. Source: TradingView Here’s what various market analysts say about the path ahead for Bitcoin in 2022 as the global economic system continues to grapple with inflation.

Read the full article on Cointelegraph

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