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Look out below! Analysts eye $40K Bitcoin price after today’s dip to $45.7K -Breaking

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© Reuters.

On Monday, Bitcoin’s short-term outlook worsened after the price fell to an intra-day low at $45,672, a far cry from the weekend’s promising rally above the $50,000 level.

The year is almost over, with all-time highs at 33%, so traders will likely adjust their expectations to push the $100,000 BTC goal a little further into 2022.

Everyday cryptocurrency market performance. Source: Coin360
Daily chart of BTC/USDT Source: TradingView
Daily chart of BTC/USDT Source: TradingView