Analyst says Bitcoin is ‘on sale’ after BTC price dips below $54000 By Cointelegraph – Investing.com

Analyst says Bitcoin is ‘on sale’ after BTC price dips below $54000 By Cointelegraph – Investing.com

's (BTC) downtrend extended a few rungs lower on Dec. 3 after the price dropped under $54,000 and traders will note that the daily chart shows a notable uptick in sell volume.

Investors seem concerned at the emergence of a new COVID-19 variant and hawkish comments from the Federal Reserve. Meanwhile, veteran investment icon Charlie Munger added to the fire by comparing the price action in the crypto market to the dot-com era that ended with the bubble popping.

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