{"id":376745,"date":"2021-12-05T15:39:44","date_gmt":"2021-12-05T12:39:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/one-more-bitcoin-price-dip-btc-may-fall-again-before-slow-grind-up-warns-analyst\/"},"modified":"2021-12-05T15:39:44","modified_gmt":"2021-12-05T12:39:44","slug":"one-more-bitcoin-price-dip-btc-may-fall-again-before-slow-grind-up-warns-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/one-more-bitcoin-price-dip-btc-may-fall-again-before-slow-grind-up-warns-analyst\/","title":{"rendered":"# One more Bitcoin price dip? BTC may fall again before &#8216;slow grind up,&#8217; warns analyst"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a326b8db4527\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a326b8db4527\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/one-more-bitcoin-price-dip-btc-may-fall-again-before-slow-grind-up-warns-analyst\/#Enough_flush\" >Enough flush?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># One more Bitcoin price dip? BTC may fall again before &#8216;slow grind up,&#8217; warns analyst <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) rebounded to near $50,000 on Dec. 5 as traders continued to take stock of recent events.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/e690bea4-5c9f-4541-8496-ae1e7a4488b2.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0followed a less volatile BTC\/USD as it rose to $49,777 on Bitstamp before consolidating.<\/p>\n<p>Fresh off a crash to $41,900 early Saturday, the pair stabilized as the market digested what was the latest giant deleveraging event to hit Bitcoin this year.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">TLDR of what h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ened last night: <\/p>\n<p>Open interest being built up for weeks + a regime of positive funding and low weekend liquidity (meaning thin order books) gave a perfect storm for a long liquidation cascade. <\/p>\n<p>These forced sells executed into thin books, thus the drawdown.<\/p>\n<p>\u2014 Will Clemente (@WClementeIII) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1467232111035830274?ref_src=twsrc%5Etfw\">December 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For some, however, there was every reason to stay cautious and not discount another sweep of long-term lows.<\/p>\n<p>&#8220;We dip one more time. CT loses its shit and sell more. But it miraculously gets bought up,&#8221; Lex Moskovski, CIO of Moskovski Capital, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mskvsk\/status\/1467461377518456832\">predicted<\/a> in part of comments on Bitcoin&#8217;s prospects. <\/p>\n<blockquote><p>&#8220;Consolidation, a slow grind up.&#8221;<\/p><\/blockquote>\n<p>That slow grind now has no shortage of significant support levels to recapture: $50,000 and the $1 trillion market cap zone just above $53,000, as well as various previous all-time high levels.<\/p>\n<p>Fellow trader and analyst Rekt Capital meanwhile eyed the 200-day exponential moving average (EMA), a support line which had held since August but which was broken in Saturday&#8217;s dip, as a potential line in the sand.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> is just below the 200-day EMA right now<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/ZOVwYBjatH\">https:\/\/t.co\/ZOVwYBjatH<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vOlJVSEM6p\">pic.twitter.com\/vOlJVSEM6p<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1467453050608668676?ref_src=twsrc%5Etfw\">December 5, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Late September, when BTC\/USD last traded at the $42,000 level, likewise saw a test of the 200EMA, and Rekt Capital noted that the severity of the dip still pales in comparison to previous ones from history.<\/p>\n<p>&#8220;You survived the -84.5% BTC Bear Market. You survived the -63% $BTC crash in March 2020. You survived the -53% BTC crash in May 2021. You&#8217;ll survive this crash as well,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1467451526973169666\">added<\/a>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Enough_flush\"><\/span>Enough flush?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A look at the status quo on derivatives markets showed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/funding\/BTC\">funding rates<\/a> either neutral or slightly negative at the time of writing, a marked difference from just days ago.<\/p>\n<p><strong><em>Related:\u00a0Ethereum acts as a &#8216;hedge&#8217; in Bitcoin price crash as ETH\/BTC hits 3-year high<\/em><\/strong><\/p>\n<p>A significant chunk of open interest on futures was wiped out during deleveraging, and over $2.5 billion of crypto accounts were\u00a0liquidated.<\/p>\n<p>The question for commentators now was whether enough of the froth had been removed to ensure a return to steady growth.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Open Interest flushed enough? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jnvrqRPDot\">pic.twitter.com\/jnvrqRPDot<\/a><\/p>\n<p>\u2014 Nunya Bizniz (@Pladizow) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pladizow\/status\/1467174743056994312?ref_src=twsrc%5Etfw\">December 4, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The weekly close meanwhile looked set to be Bitcoin&#8217;s lowest since the start of October.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/one-more-bitcoin-price-dip-btc-may-fall-again-before-slow-grind-up-warns-analyst\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# One more Bitcoin price dip? BTC may fall again before &#8216;slow grind up,&#8217; warns analyst &#8221; Bitcoin (BTC) rebounded to near $50,000 on Dec. 5 as traders continued to take stock of recent events. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Data from Cointelegraph Markets Pro and TradingView\u00a0followed a less volatile BTC\/USD as it&#8230;<\/p>\n","protected":false},"author":1,"featured_media":376746,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvYjAzMWMxNTUtZTBhOS00NGRkLTg2OGMtNGE2NjliN2EwMWVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-376745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/376745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=376745"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/376745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/376746"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=376745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=376745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=376745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}