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Daily: Bitcoin dropped to $47,000 again</h1></div></div><div class="time_date_block"><ul class="time_date"><li>Dec 10, 2021</li><li>05:12</li><li>2 min reading</li></ul><div class="author_block"><div class="author_image"><span style="box-sizing:border-box;display:inline-block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:relative;max-width:100%"><span style="box-sizing:border-box;display:block;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;max-width:100%"><img style="display:block;max-width:100%;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0" alt="" aria-hidden="true" src="data:image/svg+xml,%3csvg%20xmlns=%27http://www.w3.org/2000/svg%27%20version=%271.1%27%20width=%2720%27%20height=%2720%27/%3e"/></span><img alt="Choise.com team" srcSet="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=32&q=75 1x, /_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75 2x" src="/_next/image?url=%2Fpic%2Fauthors%2Fchoise-team.png&w=48&q=75" decoding="async" data-nimg="intrinsic" style="position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%"/></span></div><div class="author_name"><span class="dynamic_author"></span>Choise.com team</div></div></div><div class="content"><div class="main_image"><img title="Crypto Daily: Bitcoin dropped to $47,000 again" alt="Crypto Daily: Bitcoin dropped to $47,000 again" fetchpriority="high" width="742" height="0" decoding="async" data-nimg="1" class="directus_image " style="color:transparent" srcSet="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F12%2Fdaily_10th_dec-1.jpg&w=750&q=75 1x, /_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F12%2Fdaily_10th_dec-1.jpg&w=1920&q=75 2x" src="/_next/image?url=https%3A%2F%2Fwebinar.choise.com%2Fwp%2F2021%2F12%2Fdaily_10th_dec-1.jpg&w=1920&q=75"/></div><div class="content_block"><p><span style="font-weight:400">At the same time, the rest of the market fell more than BTC by about 2 times. So, Ethereum lost 6%, Solana – 7%, and BNB – 5%. This has resulted in a slight increase in Bitcoin’s dominance in the market.</span></p><p><span style="font-weight:400">Let’s take a look at the chart of the first cryptocurrency and try to understand in what direction the price will move during the upcoming weekend:</span></p><p><img loading="lazy" class="alignnone size-large wp-image-12799" src="https://webinar.choise.com/wp/2021/12/BTCUSDT_2021-12-10_10-15-17-1024x608.png" alt="btc price prediction " width="1024" height="608"/></p><p><span style="font-weight:400">On Tuesday, December 7th, Bitcoin rose to the $52,000 mark and thus tested the uptrend from the bottom up. This movement is a classic retest in technical analysis, which speaks of the correctness of the trend designation. Buyers were unable to gain a foothold above this trend and have already pulled back down.</span></p><p><span style="font-weight:400">During yesterday’s decline, BTC chart reached the middle line of the descending channel. At the same time, it is here that the local support level is located. This caused the price to stop near $47,000 and then reverse up. Doji reversal candlestick formed at the same level.</span></p><p><span style="font-weight:400">All these movements did not significantly change the structure of the Bitcoin chart. The price has outlined the boundaries of the sideways movement, within which it is moving at the current moment. If the price can break through $47,000 and consolidate lower on the 4-hour timeframe, this will open up options for a further decline to the $43,000 area.</span></p><p><span style="font-weight:400">In addition, today is the end of the working week and this may negatively affect the crypto market. Many traders will take positions, which will cause the price to go down. This situation happens quite often. The last time it happened on December 3rd and November 26th. In the first case, the price fell by almost 30%, in the second – by 10%. Therefore, today you need to be extremely careful.</span></p><p><span style="font-weight:400">The current market situation still looks fragile. Any strong news or event can turn the chart in any direction. This is normal after such a sharp collapse, which happened on 3-4 December. In addition, the new year is approaching, which may also entail a significant decline in the markets, as many investment funds will take profits and sum up the results of the year. That is why the overall picture remains negative for Bitcoin and the downtrend may continue.</span></p></div></div><ul class="sc-a1b0f443-0 fTNNTN news_breadcrumbs"><li><a href="/news">News</a></li><li><a href="/news/dailyanalysis">Daily Analysis</a></li><li><span>Crypto Daily: Bitcoin dropped to $47,000 again</span></li></ul><div class="sc-ebb48054-0 hCkBCM"><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/twitter.svg" alt="Crypto Daily: Bitcoin dropped to $47,000 again"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/telegram.svg" alt="Crypto Daily: Bitcoin dropped to $47,000 again - Telegram"/></button><button class="react-share__ShareButton" style="background-color:transparent;border:none;padding:0;font:inherit;color:inherit;cursor:pointer"><img src="/pic/share/facebook.svg" alt="Crypto Daily: Bitcoin dropped to $47,000 again - Facebook"/></button></div></section></div></section></main><footer id="footer" class="sc-3dbed908-0 fGcfsC"><div style="max-width:1200px" class="sc-7bf978d5-0 jWSTwu center_block "><div class="top_block"><div class="content"><div class="description"><div class="description_information"><p>The website and mobile apps are owned by the company Choise Services UAB. 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again","date_created":"2021-12-10T05:28:22.000Z","image":null,"old_image":"https://webinar.choise.com/wp/2021/12/daily_10th_dec-1.jpg","seo_image":null,"category":{"id":"82","title":"Daily Analysis","slug":"dailyanalysis","translations":[{"title":"Daily Analysis","seo_title":null,"seo_description":null,"seo_keywords":null}]},"translations":[{"title":"Crypto Daily: Bitcoin dropped to $47,000 again","content":"\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAt the same time, the rest of the market fell more than BTC by about 2 times. So, Ethereum lost 6%, Solana \u0026#8211; 7%, and BNB \u0026#8211; 5%. This has resulted in a slight increase in Bitcoin\u0026#8217;s dominance in the market.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eLet\u0026#8217;s take a look at the chart of the first cryptocurrency and try to understand in what direction the price will move during the upcoming weekend:\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cimg loading=\"lazy\" class=\"alignnone size-large wp-image-12799\" src=\"https://webinar.choise.com/wp/2021/12/BTCUSDT_2021-12-10_10-15-17-1024x608.png\" alt=\"btc price prediction \" width=\"1024\" height=\"608\" /\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eOn Tuesday, December 7th, Bitcoin rose to the $52,000 mark and thus tested the uptrend from the bottom up. This movement is a classic retest in technical analysis, which speaks of the correctness of the trend designation. Buyers were unable to gain a foothold above this trend and have already pulled back down.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eDuring yesterday\u0026#8217;s decline, BTC chart reached the middle line of the descending channel. At the same time, it is here that the local support level is located. This caused the price to stop near $47,000 and then reverse up. Doji reversal candlestick formed at the same level.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eAll these movements did not significantly change the structure of the Bitcoin chart. The price has outlined the boundaries of the sideways movement, within which it is moving at the current moment. If the price can break through $47,000 and consolidate lower on the 4-hour timeframe, this will open up options for a further decline to the $43,000 area.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eIn addition, today is the end of the working week and this may negatively affect the crypto market. Many traders will take positions, which will cause the price to go down. This situation happens quite often. The last time it happened on December 3rd and November 26th. In the first case, the price fell by almost 30%, in the second \u0026#8211; by 10%. Therefore, today you need to be extremely careful.\u003c/span\u003e\u003c/p\u003e\u003cp\u003e\u003cspan style=\"font-weight: 400;\"\u003eThe current market situation still looks fragile. Any strong news or event can turn the chart in any direction. This is normal after such a sharp collapse, which happened on 3-4 December. In addition, the new year is approaching, which may also entail a significant decline in the markets, as many investment funds will take profits and sum up the results of the year. That is why the overall picture remains negative for Bitcoin and the downtrend may continue.\u003c/span\u003e\u003c/p\u003e","short_content":"Over the past day, the price of Bitcoin has decreased by 3% and stays around $48,000 at the current moment. Trading volumes continued to decline for the fifth day in a row and dropped below $30 billion per day.","seo_title":null,"seo_description":null,"seo_keywords":null}]}},"__N_SSP":true},"page":"/news/[category]/[slug]","query":{"category":"dailyanalysis","slug":"crypto-daily-bitcoin-dropped-to-47-000-again"},"buildId":"pnPclDEvF5ORCHIipmwih","isFallback":false,"isExperimentalCompile":false,"gssp":true,"locale":"en","locales":["en","es"],"defaultLocale":"en","scriptLoader":[]}</script></body></html>