Bitcoin opened December under pressure after a sharp 5% weekend drop sent BTC briefly as low as $85,600, reviving predictions of a deeper slide toward $50,000. Analysts blamed thin liquidity at the November monthly close, which triggered more than $600 mln in liquidations.
Market commentators remain split on what comes next. Some traders warn that failure to reclaim the $88,000–$89,000 zone could open the door to a retest of November’s lows. Veteran analyst Peter Brandt has even suggested Bitcoin may be completing a «dead cat bounce,» eyeing levels below $40,000. Others, however, see a potential range forming between...