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Analysts warn that possible downside wick could push BTC price as low as $44K -Breaking

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© Reuters.

The year-end rally many cryptocurrency traders had hoped to see will not happen until 2022.BTCDec. 28, 2018, the ) bears won the upper hand and drove the BTC price below $48,000 support.

Source: Cointelegraph Markets ProAnd TradingViewThis chart shows that the BTC supported at $50,000 in the morning was broken by selling, followed by another wave in the late afternoon. It dropped to $47,318 per day before the bulls could stem it.

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