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Bitcoin Bear Market Will End Soon - Price Can Burst Anytime Over $50k.
2021-12-18 | Daniel Smith
BTC/USD 1 DAY PRICE CHART SOURCE - COINMARKETCAP.COM
According to Light, 25% of derivatives OI was halted or liquidated. Countless billions of dollars were lost. People who were previously wary were today appropriately risk-averse. While bulls have been conservative, bears have been aggressive, driving omnipotent beings basis negative on certain platforms and increasing OI, while significant participants who delisted in the $60k range have changed tack and began to swallow panic- and short-selling. Will Altcoin ruin the fun? Altcoins are a possible spoke in the wheel, with dissemination ongoing after significant increases into 2021. Even in this case, though, the tide is changing, with evidence indicating that Bitcoin's supremacy is dwindling. Several cryptocurrencies have fallen by more than 80% from their all-time high in May. They are additionally on or near upper period support levels.
