Market Wrap: Analysts Expect Positive Bitcoin Returns in December

Posted on by American Coins & Gold

Market Wrap: Analysts Expect Positive Bitcoin Returns in December
Bitcoin was stuck in a tight trading range between $55,000 and $58,000 on Wednesday as some analysts expect bullish sentiment to return this month given positive seasonal trends.The bitcoin Fear & Greed Index entered “extreme fear” territory during last week’s sell-off. The index is at the lowest level since late-September, which preceded a BTC price bounce. Additionally, technical indicators are starting to rise from oversold levels as price pullbacks remain limited.“Here we see a classic market pattern: consolidation at an important level in September, a breakout and subsequent steady and methodical buying throughout October and the first half of November,…