At the end of last week, bitcoin fell in price against the dollar by 6.74%, to $ 46681. The minimum of the week was fixed at 45456 on Friday in the American session against the background of the strengthening of the dollar and falling stock indices.
The rally of the dollar was caused by the representative of the US Federal Reserve Christopher Waller. He said that rates could be raised as early as March, after the decision to stop buying bonds earlier than planned.
Over the weekend, the price recovered to $ 48,300 and fell to $ 45,852 since the opening of the Asian session on Monday. From early in the morning, there is a flight from risky assets. World markets opened with a decline in oil, futures on US stock indices. Bitcoin has a positive correlation with the SP500 index, so it didn't take long for the BTC / USD pair to decline.
The reason for the withdrawal of investors into defensive assets may be associated with growing concerns about the proliferation of the Omicron variant. On Saturday, London Mayor Sadiq Khan declared a state of emergency in the city due to a sharp increase in the number of cases of infection with the omicron strain of coronavirus. As of December 17, Britain has an absolute record for the number of COVID-19 cases per day - 92,907 people. Today it became known that antiquity measures will be tightened in the near future.
Holland has introduced a strict quarantine from December 19 to January 14, 2022. Only shops selling essential goods remain open. Negative markets were finished off by the news of the death of a New Zealand resident who was vaccinated by Pfizer.
Infectious disease expert Dr. Anthony Fauci predicted a significant deterioration in the epidemiological situation in the United States due to the spread of the omicron strain.
Investors chose American bonds, dollar, Japanese yen and Swiss franc as defensive assets. The BTC / USD pair remains trading in the $ 45450-51936 price range. The maximum volume level is at $ 49,056. The likelihood remains high that the level will move to $ 47,051.
The price dropped to support 45450 in the form of a narrowing formation. If the US stock market holds today, the BTC / USD pair will move to a recovery. It's nothing you can do. Now the crypt is going through a difficult time. Buyers need to fend off sales, otherwise the triggering of stops below $ 45400 can provoke a collapse of up to 44 thousand. Do not forget that the current week is short before Catholic Christmas. Trading volumes on world exchanges will decline and return no earlier than January 3, 2022.
