$50K BTC price crash 'inevitable:' 5 things to know in Bitcoin this week

Bitcoin began December with a significant 5% price drop, returning to its pre-Thanksgiving range, which some analysts, like trader Roman, deemed an "inevitable" crash toward $50,000. This volatility followed November's 17.7% loss, its worst monthly performance since 2018, attributed by some to thin market liquidity rather than a fundamental decline. Key market indicators are being watched, including the Coinbase Premium, which briefly turned positive but dipped again, and the 50-week EMA, which Bitcoin remains below. Furthermore, veteran trader Peter Brandt revived concerns about sub-$40,000 levels. On the macroeconomic front, markets await US PCE inflation data while grappling with jitters over potential hawkish moves from the Bank of Japan. Despite the bearish sentiment, stablecoin reserves on Binance relative to BTC reserves have hit an all-time high, suggesting significant "dry powder" is positioned for a potential rally.

(Source：Cointelegraph)