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Bitcoin Weekly Trade Analysis: Is BTC Price Set for a 20% Drop Ahead of Yearly Close?
The Bitcoin bulls have switched to the passive mode as they cannot exert enough pressure even in times of a drop in selling volume. This indicates a lack of interest among the market participants, as bears also remain inactive. In such a scenario, an extended pullback usually attracts buying volume and as a result, the last week of the year may attract another 10% to 12% loss, pushing the token under the bearish influence