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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

The emergence of COVID-19 and the Federal Reserve’s hawkish remarks have caused concern among investors. Charlie Munger, a veteran investor icon, added fuel to the flames by comparing price movements in the The crypto market is the new dot-com eraThat was the end of it.

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