Chart of the day - BITCOIN (17.12.2021)

Bitcoin remains under pressure. Main cryptocurrency broke below the mid-term upward trendline at the beginning of December and the downward move has slowed slightly later on. Coin tested the $47,000 area a few times but failed to make a more decisive break below. After erasing a small bounce made earlier this week, Bitcoin is once again testing $47,000 that marks the lower limit of the support zone, along with 200-session moving average (purple line).This area has halted downward moves recently but in case it is breached, declines may deepen towards the next major support - zone ranging around $41,500.

Bitcoin and other cryptocurrencies were underperforming other risk assets recently, like for example equities. However, it should not come as a surprise as stocks have been historically strong in the final month of the year while December is one of the worst months for cryptocurrencies.

Source: xStation5

13 November 2026, 11:31 AM

🚩 Bitcoin falls below $70k

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Daily summary: CPI reading hits markets, hawkish Fed and Wall Street selloff

6 November 2026, 6:41 AM

Morning Wrap: Tech Crash and a Black Thursday for Global Markets

5 November 2026, 6:52 PM

Daily Summary: The Honeymoon Is Over: Wall Street Plunges Into a Massive Sell-Off

Crypto

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