‘inevitable’ $50k BTC Price Crash: 5 Things To Know In Bitcoin This...

‘inevitable’ $50k BTC Price Crash: 5 Things To Know In Bitcoin This...

Bitcoin gained fresh BTC price crash predictions as it fell to $85,000 in flash volatility at the monthly close amid a lack of liquidity.

Bitcoin (BTC) threatens a fresh crash as December begins with a snap 5% BTC price drawdown.

Bitcoin price volatility hits around the November monthly close, with BTC/USD falling to near $85,000.

Analysis blames a lack of market liquidity, while history warns that bearishness may continue in December.

Key US inflation data is due as markets preserve Fed rate-cut bets despite concerns over Japan.

The Coinbase Premium may have ended its brief trip into “green” territory thanks to the BTC price dip.

Stablecoin dry powder hits all-time highs relative to BTC reserves on Binance.

Bitcoin price action went straight back to its pre-Thanksgiving range around the weekly and monthly close.

Data from Cointelegraph Markets Pro and TradingView confirms a classic “Bart Simpson” style chart pattern to start December.

Losses drove BTC/USD down to as low as $85,616 on Bitstamp before a modest bounce, while 24-hour liquidations stood at over $600 million at the time of writing, according to data from monitoring resource CoinGlass.

Source: CoinTelegraph