menuIcon
$ 84,662.1
BTC
$ 84,662.1
4.73 %
$ 1,919.71
ETH
$ 1,919.71
3.36 %
$ 0.7387
ADA
$ 0.7387
5.21 %
$ 584.37
BNB
$ 584.37
0.66 %
$ 131.60
SOL
$ 131.60
6.81 %
Gitumani Talukdar
Dec 17, 2021
by Gitumani Talukdar

Here's Why Bitcoin Traders Expect Turbulent Markets for the Last Few Days of 2021

Bitcoin Traders Markets Turbulent
Bitcoin price is affixed below $48,000 and this observation led a few traders to reckon "turbulent" markets until 2022's arrival. A generalized apprehension about the global economy's future & inflation analysis is the reason behind constraint Bitcoin and altcoin prices. At present, the Crypto Fear and Greed index is absolutely in the 'fear' province; expected to behave since the beginning of December.

Bitcoin Traders Expects Choppy Markets Till 2022

In spite of the outgrowth in Bitcoin price, the markets seem to emanate from the recent Federal Open Market Committee (FOMC) meeting. During the FOMC meeting, Fed Chair Jerome Powell hinted, "The interest rates are expected to remain low right now. With this, the entire attitude in the crypto market is under dwindle. This is a sign that 2021 could terminate on an ungainly note."

Delphi Digital's report claims, "Analysts have recognized that Bitcoin's price is expected to examine & track changes in sentiment during market mishaps. This situation will, for sure, take some time for the trend to reverse."

Delphi Digital said, "The latest technical setup for BTC leaves a lot to be covered, chiefly after a fall back in the price under the 200-day exponential moving average." Back in May 2021, an identical setup was witnessed; where there occurred a major market pullback. And, it took another 2 months before BTC could hunt a local bottom.

The Market is Gearing up for a Rally in Q1 2022

A similar belief of choppy markets had been communicated on behalf of the crypto analytics business -Jarvis Labs. This firm highlighted some early "bottoming" signals on account of its capacious array of data. Jarvis Labs bestowed proofs that showed retail traders purchasing the recent dip. Jarvis Labs even hinted at a few signs pointing to whales accumulating in the current range.

Follow us on: News
BTC Bitcoin price Bitcoin Bitcoin Traders FOMC
Here's Why Bitcoin Traders Expect Turbulent Markets for the Last Few Days of 2021
Gitumani Talukdar
Gitumani is a blockchain enthusiast as she keeps a tab on the recent happenings pertaining to the crypto industry. She aims to provide quality content in blockchain and crypto domain. She is a financial content writer too and has worked on several financial projects related to the stock market news, fundamental research, and technical analysis for several websites.