December 27, trading in the BTC/USD pair ended with a slight decline

On Monday, December 27, trading in the BTC / USD pair ended with a slight decline. Bitcoin fell 0.12% to $ 50704. In the American session, the price rose to $ 52,088. The rise in quotations was facilitated by the rally in the American stock market. The S&P 500 index made a run to $ 4,791.18, updating its all-time high. The mood has improved despite the rapid spread of the omicron strain. The dollar was also under pressure in the foreign exchange market.

An unsuccessful attempt to overcome the resistance of $ 51,800 led to a fall in the rate by 6.6%, to $ 48,657. The bullish move was interrupted. The price was falling quickly without pullbacks. There were no large purchases or sales on bitcoin futures. During the fall, buyers tried to defend themselves at the levels: $ 50350, $ 49800 and $ 49000. Since these levels were interesting to buyers and increased volumes were recorded on them, now they act as resistances.

The price has stabilized above $ 49,000. Sellers have consolidated below the horizontal support of $ 49,500. Bitcoin positions have been seriously shaken. Risks of further decline to the $ 47934 zone (61.8% of growth from $ 45456 to $ 52,088) - $ 47570 (trend line from the $ 42,000 minimum) increased.

I have an estimated time for growth 7:00 - 12/29/21 (Binance). On the hourly chart, it showed two scenarios based on the remaining time and the price pattern that formed in the range 45500-51800.

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