#ChristmasMarketAnalysis The price of BTC risks falling to $20,000: 5 things to know about Bitcoin this week
Bitcoin traders are quickly adjusting their short-term price outlook as support fails and BTC/USD heads further below $100,000.
Bitcoin starts the Christmas week at a bearish crossroads as BTC price support weakens and forecasters see the possibility of a significant drop.
A "bearish engulfing" pattern on the weekly time frames has traders nervous about the short-term outlook for BTC/USD.
Targets for a possible deeper correction include a return to historical highs near $74,000.
U.S. employment data marks the start of a quiet macroeconomic week, but markets are still recovering from last week's aggressive Fed meeting.
Those looking to gain long-term exposure to BTC will get their first buying opportunity in two months, according to data from a dedicated indicator.
Sentiment in the cryptocurrency market is deteriorating rapidly, but "greed" still reigns.
