5 Reasons Why Bitcoin Remains Below $50,000

From coindesk.com

On Sept. 8, Standard Chartered’s cryptocurrency research team projected the price of bitcoin could reach $100,000 in the last days of 2021 or the early months of 2022. Several crypto CEOs have also made similar predictions, as has Thomas Lee, managing partner of Fundstrat Global Advisors. However, apart from a momentary break beyond the $50,000 price mark in the first week of September, bitcoin has failed to attract any bullish momentum. At press time, the price of bitcoin is around $43,700, as it continues to range between the $41,000 support and the resistance level near $50,000. So what’s causing this downward ... (full story)