Things may be calmer than expected as 2021 ends, but the chances for "face-melting" green candles are still there, say analysts.
Bitcoin (BTC) starts a new week near $51,000 as the end of 2021 draws near and traders down tools for the holidays.After a $50,000 Christmas, Bitcoin continues to take stock of a year in which it has gone from $29,000 to $69,000 and halfway back again.Expectations were certainly not for such eerie calm to round out December — a blow-off top, the majority argued, should have already taken the market to $100,000 and beyond.Instead, after dipping to $41,800, a slow grind through familiar territory is how Bitcoin appears to be finishing off what has been a post-halving year full of surprises.With mixed emotions characterizing the end of Q4, Cointelegraph takes a look at what could shape BTC price action for the remaining few days of 2021.Bitcoin on shorter timeframes: “Gently does it”Despite concerns that thin liquidity could spark increased spot price volatility during the holiday season, so far, the opposite is true — Bitcoin is quiet, possibly too quiet.The weekend saw little by way of unusual price moves, with a brief dip below $50,000 subsequently returning to the upside.At the time of writing, $51,000 is forming a focus once more, with limited action up or down, data fro Cointelegraph Markets Pro and TradingView shows. BTC/USD 1-hour candle chart (Bitstamp).