Bitcoin Price Collapses Below $50K in Hours in the Midst of a Trader’s War – What You Need To Know

The price of Bitcoin even hit a low around $40K.

Dec 4, 2021

∙ Paid

What a bloodbath!

I couldn't start this article with anything else. A few hours ago, when the Bitcoin price had been consolidating for several days between $55K and $60K, I was clearly telling you not to expect anything in the short term, but to be prepared for anything for the Bitcoin price:

In Bitcoin We Trust Newsletter

Don’t Expect Anything From Bitcoin Price in Short-Term, but Be Ready for Everything

After an excellent October 2021 for the Bitcoin price, with a rise of almost +40%, I was expecting an even more phenomenal November. I had even started to rename this November as Moonvember. That's how optimistic I was. I had explained that I was looking at a Bitcoin price of around $75K-$80K by the end of November 2021…

2 years ago · Sylvain Saurel

Bitcoin could break through $60K and head back to a new ATH, or it could break through the $52K-$53K support and go below $50K.

Well, the traders decided to take us below $50K. And in a big way!

The leverage flush finally arrived. In just a few hours, nearly $1.8B of long positions were liquidated in the Bitcoin market:

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