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Traders delay $100K Bitcoin prediction, but still expect a blow-off top in 2022 -Breaking

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© Reuters.

The “to $100,000 by year-end Kool-Aid” is now being redeemed. Bullish traders who drank it are coming to terms that 2021 may not see a Santa Claus rally. The pipe dream has been reduced to simple hopes that top cryptocurrency could at least complete the year over $50,000.

From Cointelegraph Markets Pro TradingViewIt is evident that BTC prices see a bounce after these remarksFederal Reserve Chair Jerome Powell’s comments have almost evaporated. Over the past 48 hours, the price fell to $45,500.

BTC/USDT 4-hour chart. TradingView
1-week chart. Source: Twitter
BTC/USDT 4-hour chart. Source: Twitter
BTC Price during each Halving Cycle Twitter