In that location was widespread celebration across the crypto ecosystem on Monday after the sight of Bitcoin (BTC) dorsum above $fifty,000 triggered a resurgence of calls for the top cryptocurrency to attain $100,000 before the end of 2022.

Information from Cointelegraph Markets Pro and TradingView shows that the early on morning bullish momentum that lifted the price of BTC to an intraday high at $50,514 began to wane as the twenty-four hour period progressed. The price was trading slightly above $49,000 at the fourth dimension of writin.

BTC/USDT 1-day chart. Source: TradingView

Here'southward what analysts are saying could peradventure come up next for the toll of Bitcoin now that it is back near the psychologically important $fifty,000 level.

Low volume hints at a short-term pullback

Bitcoin's rally to $50,000 led many to assume that the price is only going to become up from here, but analysts from Decentrader offered a give-and-take of caution because the lackluster volume seen during the recent move could be a signal that the price may need to regroup at lower back up levels.

BTC/USD 1-day chart. Source: Twitter

As noted by Decentrader, there was insufficient volume during this recent movement to button BTC'south price above $52,000, and at present it is looking like a pullback to $48,000 or possibly lower could exist in the cards equally bulls take a break and regroup ahead of their side by side push college.

The analysts at Decentrader identified $44,000 and $41,000 every bit support levels to keep an eye on should the toll of BTC suffer a surly breakdown.

Accumulation near $49,200 is expected

The prospect of a brusk-term pullback was also highlighted by pseudonymous cryptocurrency analyst Crypto ED, who is now looking for the price to come across a meaningful pullback beneath $50,000.

Based on the chart provided, Crypto Ed identified the area between $49,100 and $49,300 as a good zone where traders might look to open long positions.

Related: Bloomberg strategist explains why 30-twelvemonth US bonds take 'bullish implications' for Bitcoin

$75,000 past the end of the year

A more bullish take on the current cost activeness was offered by pseudonymous Twitter user RookieXBT, who posted the following tweet calling for the price of BTC to have reached $75,000 by the end of the yr.

In a follow-up tweet, RookieXBT noted that while "squiggles almost never work out as drawn," the overall idea is that BTC volition "make a new all-fourth dimension high before the end of the yr."

RookieXBT said:

"In the time Bitcoin spends between $l,000 and $60,000, I think Ethereum breaks its all-time loftier later lagging during the initial up move."

The overall cryptocurrency market capitalization now stands at $2.142 trillion, and Bitcoin'due south dominance rate is 43.iv%.

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