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Bitcoin Price Prediction As BTC Trades Near $17,000 –

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Bitcoin (BTC) price continues to trade within the bounds of the descending parallel channel, adding credibility to the prevailing bear market conditions. High-volume transactions over $1 million have also reached a historic low as interest in BTC among whales continues to deteriorate.

The largest asset by market cap in the market is experiencing historically low volatility, to the point where miners have sold nearly all of the bitcoins mined through 2022. The result has sparked debate about whether the sales have created ongoing headwinds for the bitcoin price. Cesar Noyes, a technical analyst at Bolsamanía, comments on this debate with the argument:

Bitcoin maintains a complex technical profile. The crypto continues to form a pullback to 18,000 and everything seems to indicate that we may end up seeing an attack on the $14,925 support. If this price level is lost, the most natural thing is that we will eventually see an extension down to $10,000.

On Wednesday, December 28, BTC lost more than 1.27%, pulling the major cryptocurrency away from the $17,000 resistance. Bitcoin’s current price is $16,644, far below its value before the crash, but the ideal cryptocurrency still ranks first with a market capitalization of $321 billion, according to data From CoinMarketCap.

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Bitcoin whale activity indicates continued price decline

Large portfolio investors and their activities on the Bitcoin network have usually influenced the price of BTC. According to data from cryptocurrency tracking company Santiment, Bitcoin price has overlapped with declining interest in whales.

Bitcoin whale transactions

Source: Santiment

As can be seen from the chart, the bitcoin price correlates with transactions of $1 million or more. Analysts at Santiment believe that if the price of the major cryptocurrency continues to decline during the decline in the trading of whales, this is a historical signal for the largest asset by market capitalization.

Amidst the stark drop in cryptocurrency prices, holders of the coin continue to take their losses. From the chart, Bitcoin miners are sitting on 8 million BTC in unrealized losses.

On-chain analytics firm Glassnode also revealed data showing that both short-term and long-term holders are suffering more unrealized losses than ever before.

Short Term BTC Holder Suppli

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Short term bitcoin holder supply
Source: Glassnode

However, the turnout marks an important milestone in BTC’s price direction amidst the current bear market and points to the possibility of whale activity and high volume transactions leading to a Bitcoin breakout, if whale transactions increase from now on.

Bitcoin price dropped by the 50 SMA

Bitcoin price action shows that the digital asset has been consolidating between the $16,415 support and $16,936 hurdle for the past eight days. This is validated by the flattening of the Relative Strength Index (RSI) and the horizontal movement of the Moving Average Divergence Divergence (MACD) indicator near the zero line. This indicates that the buying and selling pressures are balancing.

Bitcoin price was trading at $16,644 at the time, down 1% in the past 24 hours. The analysis also indicates that the cryptocurrency has been trading for the second consecutive bullish session as bears focus on further cutting the major asset.

The bearish momentum is expected to continue in the short term. The main support level for BTC price is $16,415. Increasing overpressure could lead the currency down towards the psychological level of $16,000 or the lower boundary of the prevailing chart pattern at $15,474.

BTC/USD daily chart

Bitcoin price chart
TradingView chart: BTC/USD

On the upside, the 50 day simple moving average (SMA) on the daily chart is currently the immediate hurdle that the BTC bulls are fighting against, and if broken, we will see the price break the resistance provided by the upper trend line around the 16936 area. dollar.

In extreme bullish conditions, bitcoin price may rise to face the next resistance at $17,500. However, the asset will have plenty of room to cover before hitting the key resistance level embraced by the 100-day simple moving average at $18,220. Any further gains could push the price towards the $20,000 region where the 200 day simple moving average lies.

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In the short term, the leading cryptocurrency may continue to consolidate in the mentioned range until a directional bias is established.

Other projects for consideration in 2023

The state of constant volatility in the cryptocurrency market is legendary. Accordingly, investors make fortunes and losses with each ups and downs. However, there is no need to bite your nails or worry about worrying, hoping that your investment strategies will pay off so that you can earn more than you lose. With the right project, the chances of making a profit are higher, and amid such financial uncertainty, these new tokens represent a glimmer of hope.

Dash 2 Trade (D2T)

Dash 2 Trade is a cryptocurrency platform that offers important tools and expert cryptocurrency insights that can level up your trading. Offering an excellent crypto analytics dashboard, Dash 2 Trade provides users with full access to a reliable scoring system for crypto initial coin offerings (ICOs), professional market and social analysis, trading signals, social and technical indicators, and an automated trading API, from among others.

Currently, more than 82% of the pre-sale tokens have already been sold, with the platform raising $11 million.

The pre-sale will end within the next eight days and the first CEX listing will be published on January 11, 2023.

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C + Charge (CCHG)

C+Charge is one of the most revolutionary green crypto projects to have taken off in the crypto market. Defines a new blockchain-based (P2P) payment system for electric vehicle (EV) charging.

With C-Charge, users pay for power at their stations using the project’s own utility cryptocurrency called CCHG, and for every power charge, the user is rewarded with carbon credits. In this way, users can contribute to reducing carbon emissions while making money at the same time.

The pre-sale for CCHG is currently live, and you can purchase the tokens for as little as $0.013 apiece. The next round of pre-selling will take this price to $0.0165, and subsequent rounds will do the same.

Visit C + Charge here

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Trade Dash 2 Before Selling 6 Days Left – The Next Cryptocurrency To Explode In 2023

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Great way to start the new year, Dash 2 TradingThe ICO expires in 6 days. The pre-show has raised $11.6 million and the demo dashboard will be released soon. The success of the Dash 2 Trade pre-launch conclusively shows that investors are optimistic about initiatives that have strong use cases and concepts.

Despite the fact that we are in the midst of crypto winter. A number of other significant changes are planned for the near future, making this project an attractive choice.

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Dash 2 Trade full pre-sale update in the video above, subscribe to YouTube channel For more coding updates.

About Dash 2 Trade

Dash 2 Trading Developed by traders and for traders. They offer professional, institutional-grade yet easy-to-use analytics tools, displayed in a dashboard interface, in order to create an integrated end-to-end solution that delivers expert intelligence that enables retail investors to consistently outperform the market and take action to change the cryptocurrency trading space forever.

This is done in order to find a solution that will enable retail investors to consistently outperform the market.

The D2T token pre-sale will be completed soon

The D2T token, which serves as the base currency on the Dash2Trade platform and is mentioned frequently on various media platforms, generated a great deal of interest during the pre-sale phase. At the moment, the pre-sale is in its final stage, and it has raised over $11 million.

On January 11th, 2023, users of some The most popular cryptocurrency Exchanges will be able to participate in token swaps between D2T and other currencies. These swaps will take place between D2T and other cryptocurrencies.

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Update Dash Trade Lists 2

The first CEX launch is scheduled for January 11, 2023. The fact that Changelly Pro will be listing Dash 2 Trade once its pre-sale ends is just another point that contributed to the excitement surrounding this amazing new initiative. This should come as no surprise given that LBank and BitMart have already indicated that they are interested in listing the D2T token.

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Trial version of Advance Dashboard

The trial version has pre-sale features Dash 2 Trade dashboard It will be available to users on January 5th. Dash 2 Trade will be the first platform in the market to do so, and they will encourage community members to participate in a road test of their cutting-edge analytics and scoring system for approximately 20-30 years. Pre-sale of the cryptocurrency project that are launched every week.

Because of the live beta, retail investors will have all the power tools at their disposal that they might need to understand what is going on in the pre-sale arena. The most massive industry for cryptocurrency investors has always been the pre-sale.

Dash 2 Trade Giveaway. Dash 2 trade giveaway

One lucky person will Get a chance to win Dash 2 Trade tokens (D2T) have a total value of $150,000, as part of their celebration of the success of their pre-sale and the rapidly expanding community. To get multiple entries in the draw, all you need to do is follow the instructions provided, and at the time of the draw, you must be in possession of at least $150 in D2T tokens.

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Litecoin (LTC) and Dogecoin (DOGE) Hit a Rough Correction as Snowfall Protocol (SNW) Offers Generous Investment Reward

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In the world of cryptocurrency, it is not uncommon for certain tokens to experience ups and downs in their value. Recently, two popular virtual currencies, Litecoin (LTC) and Dogecoin (DOGE), have hit the rough patch, while a new token, Snowfall Protocol (SNW)Attention was attracted by its generous investment reward. In this article, we will delve into the recent struggles of Litecoin (LTC) and Dogecoin (DOGE), and explore the potential benefits of investing in Snowfall Protocol (SNW).

Litecoin (LTC) Sees a Big Drop, Down 62.55% From Its All-Time High

Litecoin (LTC) is an open source, decentralized payment network that enables fast and cheap transactions. However, the data shows that the token has seen a significant decline in recent days, with the token currently down 62.55% from its all-time high. The token is trending at $74.75, which is 3.97% lower than its previous price. Moreover, its trading volume also decreased by 10.88%. Experts note that Litecoin (LTC) has not shown significant growth in the previous months, and the history of its price chart indicates that 2023 may not be a bullish year for the token. One possible reason for this downturn could be the increase in the supply of Litecoin (LTC) compared to its demand, which lowered the token’s exchange rate against the US dollar, thus reducing its purchasing power. This downturn has put Litecoin (LTC) investors in a difficult position, as they have to decide whether to continue investing in the token or explore alternative options. It is important for investors to carefully consider options and do due diligence before making any investment decisions. It may also be wise to diversify one’s portfolio and not rely too heavily on any one asset.

Dogecoin (DOGE) Under Major Selling Pressure, Experts Warn Possible Market Crash

Dogecoin (DOGE) is a cryptocurrency that was created as a joke based on a popular internet meme, but it has gained a large following and has been endorsed by celebrities such as Elon Musk. However, investors in Dogecoin (DOGE) have been seeing a continuous decline in the price chart. While Dogecoin (DOGE) managed to increase by $0.11 within a 15-day recovery period, the gain did not last long. Conversely, in the past seven days, Dogecoin (DOGE) has seen a price drop of 9.69%. The current situation indicates that Dogecoin (DOGE) may be under heavy selling pressure soon. In the past few hours, the coin has shown a gain of 1.01%, but it is still 87.89% below its all-time high of $0.682. This indicates that Dogecoin (DOGE) investors should be prepared for the possibility of a long-term bearish trend for the token in the coming months. Experts warn that any further drop in the price of Dogecoin (DOGE) could lead to a major market crash for the token. Before making any investment decisions, investors should carefully analyze their options and conduct appropriate research.

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Experts predict a potential gain of 5,000% for SNW post-launch

Snowfall Protocol (SNW) It performed exceptionally well in pre-sale, coming in at a per-unit price $0.14 during the current stage. This success has led to an increase 400% of the initial price of the token. Investors showed strong support for Snowfall Protocol (SNW) and its innovative multi-chain solution, which aims to remove technical barriers and friction that users face when trading between different blockchains. The platform is designed to allow users to communicate with various blockchain projects, with experts predicting a potential gain of 5,000% after its launch. To further encourage adoption, Snowfall Protocol (SNW) The creators announced a gift from 2500 Tokens for buyers who refer others to join the current pre-offer. those who reach 5 people will get 2500 tokens in their accounts. Snowfall Protocol (SNW) has gained an edge over other cryptocurrencies, such as Dogecoin (DOGE) and Litecoin (LTC), due to its innovative blockchain solutions and profitable approach to attracting buyers. It will be interesting to see how the token performs in the future.

conclusion

In short, Litecoin (LTC) and Dogecoin (DOGE) have recently been in a rough patch, with both tokens seeing their value drop and facing a potential long-term downtrend. In contrast, Snowfall Protocol (SNW) performed well in the pre-sale, offering a generous investment bonus to attract buyers. The performance of the Snowfall Protocol (SNW)which aims to become a dominant force in the cryptocurrency market, will be closely watched in the following months and years.

Invest in a Snowfall Protocol (SNW) today!

Pre-sale: https://presale.snowfallprotocol.io

website: https://snowfallprotocol.io

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BTC/USD plunges below $16,500 support

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After breaking $16,500, the bitcoin price forecast shows BTC falling slightly after being rejected at $16,638.

Bitcoin forecast stats data:

  • Bitcoin price now – $19,335
  • Bitcoin market cap – $370.6 billion
  • Circulating Bitcoin Supply – 19.1 million
  • Total bitcoin supply – 19.1 million
  • Bitcoin Coinmarketcap Ranking – No. 1

BTC/USD Long-Term Trend: Range (Daily Chart)

Key levels:

Resistance levels: $20,000, $22,000, $24,000

Support levels: $14,000, $12,000, $10,000

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The BTC/USD pair is now showing slight negative signs after touching the $42,237 resistance level today. Bitcoin price failed to reach the upper boundary of the channel. Therefore, the Bitcoin price It is dropping significantly with a loss of 1.68% in 24 hours of trading as it touches a daily low of $40,505.

Bitcoin Price Prediction: Bitcoin price could drop

The daily chart shows that the Bitcoin price It continues to develop some signs of weakness in the past few days. Therefore, the resistance that was provided during the European session continues to fail every time it tries to breach it and heads towards the upper border of the channel. However, the market price is still bearish as the RSI (14) signal line is moving to cross below the 40 level.

In the meantime, bitcoin price needs to break the $17,000 resistance to make the market bullish. But if the sellers push the market below the $16,000 support, the next level of support could be at $15,000. So, below this, additional support can be found at $14,000, $12,000 and $10,000 respectively. Moreover, if the bulls regroup and push higher, bitcoin price could reach the potential resistance levels at $20,000, $22,000, and $24,000.

BTC/USD medium-term trend: Bearish (4-hour chart)

Looking at the 4-hour chart, the BTC/USD pair is forming a descending channel. During today’s European session, Bitcoin (BTC) touched the $16,522.95 resistance level before retreating to where it is currently trading at $16,505. At the same time, more bearish movement could locate the support level at USD 16,000 and below.

BTCUSD – 4 hour chart

However, the technical indicator’s RSI (14) is recovering from the oversold area, and is now heading towards level 40. However, bitcoin price is rising towards the 9-day and 21-day moving averages; More bullish movements could push the price to the potential resistance level of $17,000 and above.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • Featured in Cointelegraph – $10 Million Raised
  • Know Your Customer verified and reviewed
  • The original code for the crypto signals ecosystem

Dash 2 Trading


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