At the end 2021, bearish forces were prevailing in the cryptocurrency market. They have continued through the first week 2022.BTC) Dropped below $47,000The asset was still facing headwinds in the short-term charts as of Jan. 1.

From Cointelegraph Markets ProAnd TradingViewBTC’s price dropped after rising to $47,500 at the beginning of the year. This was evident on December 3. The price is currently at $46,500, where the bulls are now looking to defend.