Bitcoin starts 2022 at $47.2K as fresh research pins performance on China trader exodus By Cointelegraph

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© Reuters.

(BTC) bears lost out at the last minute as 2021 came to an end — and con­sen­sus is build­ing around Chi­na again being the rea­son for weakness.

1‑hour can­dle chart (Bit­stamp). Source: TradingView

Hours before the year­ly close, BTC/USD dived $2,000 to lows of $45,630 on Bit­stamp before a mod­est recov­ery drew a line under 2021 at $47,200, data from Coin­tele­graph Mar­kets Pro and Trad­ingView shows.

Bit­coin exchange BTC bal­ance chart. Source: Coinglass

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