{"id":37636,"date":"2022-12-30T13:54:03","date_gmt":"2022-12-30T13:54:03","guid":{"rendered":"https:\/\/lydian.io\/?p=37636"},"modified":"2022-12-30T13:54:04","modified_gmt":"2022-12-30T13:54:04","slug":"8000-dive-or-22000-rebound-bitcoin-traders-anticipate-btc-price-action-in-q1","status":"publish","type":"post","link":"https:\/\/lydian.io\/8000-dive-or-22000-rebound-bitcoin-traders-anticipate-btc-price-action-in-q1\/","title":{"rendered":"$8,000 dive or $22,000 rebound? Bitcoin traders anticipate BTC price action in Q1","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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Bitcoin (BTC) is nearing the top of 2022 at ranges not seen in over two years - what do merchants suppose will occur subsequent?<\/p>\n
At present down 15% within the fourth quarter and over 60% year-to-date, BTC\/USD has few bullish allies as 2023 looms.<\/p>\n
The most important cryptocurrency struggling to recuperate from the continuing FTX scandal and its aftermath displays all good points recorded since late 2020 and is indicative of the crypto market as an entire.<\/p>\n
Threat belongings are in a helpful place themselves, Cointelegraph reported, whereas eyes are additionally on the US greenback's energy as the brand new yr begins.<\/p>\n
Cointelegraph takes a take a look at the differing opinions amongst some in style merchants in the case of what BTC value motion might deliver within the first quarter of 2023.<\/p>\n
One market participant who is not taking any possibilities on the final day of buying and selling on Wall Avenue is Crypto Tony. <\/p>\n
A brand new chart appeared on Dec. 30 after warning that Bitcoin might backside out at $8,000 showed<\/a> how weak the worth motion is correct now.<\/p>\n Each day, BTC\/USD is again beneath the equilibrium (EQ) value of a variety that has existed since FTX started, which is not thought-about help.<\/p>\n A failed breakout on the excessive of the vary implies that the most definitely goal now's the low of the vary nearer to $15,500.<\/p>\n \"I stay brief on the lookout for the push down into the vary low as highlighted,\" Crypto Tony wrote in accompanying feedback.<\/p>\n Annotated BTC\/USD chart. Supply: Crypto Tony\/ Twitter<\/p>\n For fellow dealer Cred, vary can also be at stake in the case of how Bitcoin would possibly behave sooner or later.<\/p>\nCred: Reclaim the $19,000 Zone to Change the Pattern<\/h2>\n