@BOMBERuss 6 December 2021 more from that month

On Monday, December 6, the price of bitcoin is falling. At 09:55 Moscow time, the first cryptocurrency is trading at $48,386.58 (-1.89%), according to CoinMarketCap. The sharp collapse of bitcoin occurred on Saturday, when the rate fell to $ 45,000. Ether fell to $4,109.53 (-2.78%). The Binance coin fell 4.84% to $547.26. The cryptocurrency market experienced a shock shake on Saturday morning. Low trading activity and the previous rather narrow trading range created a situation where stop orders were pulled close to the market. As a result, the unidirectional movement following the US stock indexes triggered a snowball effect early on Saturday morning. The failure under Friday's lows of $ 52,000 caused a sharp liquidation of positions in the market, and at the moment the price fell to $ 42,000. A 10-25% drop was also demonstrated by other altcoins, as investors still could not stay away from such a high-profile liquidation. By the end of the day, buyers returned BTC/USD to $48,000, but they did not have enough strength to raise it above $50,000. From the technical analysis side, bitcoin is experiencing an important moment. The bulls managed to return the quotes neatly above the level of the 200-day moving average, and the RSI index touched the level of 20, which indicates oversold. Stabilization and even a small pullback will form a positive picture that the bulls have managed to defend the global growth trend. If the exchange rate is fixed below $48,000 by the end of Monday, it will be a signal that the bears have not finished their game, and we should expect a further decline, possibly in the area of $ 40,000