Bitcoin stays in place with the annual closing adjustment to seal the 60% annual price loss. Small BTC price action welcomes traders in the final hours of 2022, with Bitcoin avoiding any last-minute trend changes.
Bitcoin price: Where is the volatility?
cryptocoin.comAs you can follow, the market lacks volatility in the last days of the year. Hence, it allowed traders to predict Bitcoin’s 2022 annual close until the last minute. Data from TradingView shows that BTC is holding onto a familiar area around $16,500. BTC had a flat Christmas. Now it ignores the potential importance of simultaneous weekly, monthly, quarterly and annual candle closes. Thus, it continues to disappoint players on both sides of the trade.
In a comment on the Binance BTC/USD order book, on-chain analytics resource Material Indicators said, “Technical resistance and overall liquidity suggest local top is below $17,000. However, anything can happen in the Wild Wild West,” he says. However, an accompanying chart shows that there is no significant support above $16,000 and the overhead resistance at $17,000.
Arthur Hayes, former CEO of BitMEX exchange, looks a little beyond the close. Because Hayes hoped that Bitcoin would not fall below the $ 15,500 level after FTX. In this context, “If BTC can hold FTX bottoms, that’s positive. Let’s see what the new year will bring?” makes the comment.
More categorical when it comes to bearish predictions was popular analyst Cypto Tony, who doubled down on his current theory that further declines will come before Bitcoin’s recovery. “This remains my macro view of Bitcoin where we see another drop before accumulation before the next bull run,” he tells his Twitter followers.
BTC dominance due to increase in January
Meanwhile, there is a small dose of good news for BTC bulls. This came from Toni Ghinea, who followed an increasing trend of crypto market dominance on December 30. New downside forecasts are underway to influence Bitcoin price action. Despite this, Ghinea now says altcoins will bear the brunt of the suffering. In this context, the analyst makes the following statement:
BTC Domination will rise in the coming weeks. However, more pain is coming for altcoins.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.