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Analyst says Bitcoin is ‘on sale’ after BTC price dips below $54,000 -Breaking

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© Reuters.

‘s (BTCThe Dec. 3 price drop below $54,000 extended the downtrend a bit. Traders will also notice a significant increase in the sell volume on the daily charts.

Crypto Fear & Greed Index. Source: Alternative

Investors are concerned by the new COVID-19 version and the Federal Reserve’shawkish comments. Charlie Munger (an investment legend) added fuel to the fire when he compared the price movement in the From the crypto market to dot.com,The bubble burst.

BTC/USDT 4-hour chart. TradingView
BTC/USD 1-day chart. Source: Twitter