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3 reasons why the Bitcoin price could break out soon



 The Bitcoin price has stabilized after rising above $ 51,000 and correcting to $ 46,000 in the last few days. Many investors are eagerly awaiting the next price movements. We name 3 reasons why the Bitcoin price could break up soon. 

Bitcoin price: lower resistance very stable at $ 46,000

The Bitcoin price experienced a massive correction in November and December. From an all-time high of over $ 68,000, it went down to $ 46,000. Several times during these weeks we experienced extreme price drops within a few hours. However, the bottom for this correction may now have been found.

The $ 46,000 has been extremely stable over the past few weeks. Again and again the falling price ricocheted off this resistance. Some analysts were concerned that the Bitcoin price could fall again to the range of 40,000 to 42,000 dollars. But the stable resistance at 46,000 creates the conditions for the bulls to take over again soon.

Small investors are also accumulating again

While in the last few weeks the big Bitcoin whales in particular used the cheap Bitcoin rate to accumulate Bitcoins, in the last 2-3 weeks more and more smaller addresses with up to 1 BTC have also been doing this. This shows that confidence in Bitcoin is growing again, even among smaller investors.

Overall, the past few months seem to have been a period of massive Bitcoin accumulation. Furthermore, bearish short positions in the derivatives market have largely been liquidated. As a result, the bears seem to be losing more and more of their strength. Fundamental data like the hash rate has been extremely strong for weeks.

Financial markets will probably be extremely strong in 2022 

The crypto market has not been able to break free from the classic financial markets as much in the last few months. The crypto market fell at the same time as the international stock markets in early December. But 2022 could be a very positive year for the financial markets.

It seems likely that the pandemic situation will ease further and international economic cycles will recover. The economic forecasts for 2022 are positive worldwide. That could be extremely beneficial for the Bitcoin course.

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