Bitcoin price prediction remains bullish, but BTC has to break over the $17,000 barrier mark in order to continue its climb. The current Bitcoin price is $16,950, and the 24-hour trading volume is $8 billion. Bitcoin has increased by 0.20% in the last 24 hours.
CoinMarketCap now ranks first, with a live market cap of $326 billion. It has a total quantity of 21,000,000 BTC coins and a circulating supply of 19,255,393 BTC coins.
Two on-chain measures were analyzed, and the results suggested that 2023 could be a challenging year for Bitcoin holders since negative sentiment followed the leading cryptocurrency. A CryptoQuant analyst named Gigisulivan looked into Bitcoin’s Stock Flow Reversion and speculated that the currency’s value may go below the $16,700 level at some point during the ongoing bear market.
— Gigisulivan.crypto (@gigisulivan) January 6, 2023
Gigisulivan speculated that following the release of positive Consumer Price Index data (CPI) next week, BTC might attempt trading in the $20,000 to $22,000 price range. The expert summed up his findings by saying, “This suggests that BTC holders should not expect much.” On-chain indicators suggested that 2023 could be a bad year for Bitcoin’s value.
Since FTX’s demise, many BTC owners have seen no returns on their investments. Two on-chain measures were analyzed, and the results suggested that 2023 could be a challenging year for Bitcoin [BTC] holders, since negative sentiment followed the king coin.
According to data from CoinMarketCap, Bitcoin has been trading between $16,500 and $16,900 since late December, when it hit a high of $16,941.08.
Bitcoin Price Prediction – Daily Technical Levels
Pivot Point: 16836
Bitcoin Price Prediction
Bitcoin is at risk of sliding under the $16,775 support zone after failing to close above the $17,000 double-top resistance level. On the 4-hour time frame, BTC is in an ascending channel, implying that a close above $16,775 could cause a retracement.
Bitcoin might go as low as $16,450 if it falls below $16,775 today. BTC may be entering a buying trend above $16,775.
Take a Look at Other Cryptocurrencies
The following three digital coins, which are now in their presales, have already attracted investment due to their excellent teams, original ideas, and enormous potential.
Fight Out (FGHT)
Fight Out is a blockchain-integrated move-to-earn (M2E) application and gym chain that encourages and rewards users for being healthy and active. Furthermore, Fight Out fosters community spirit in both local and online exercise networks. The app allows community members to participate in challenges and receive individualized training regimens with progress tracking.
Fight Out will provide an interesting and fulfilling way to be active and healthy, increasing the adoption of Web3 technology while producing a better society. Their FGHT token presale has already raised almost $2.7 million.
Things are heating up #FightOutCrew!
Fight Out just reached over $2.7M in our presale!
— Fight Out (@FightOut_) January 6, 2023
FGHT is a smart investment right now before prices rise in its second presale stage, thanks to the cooperation of LBank Labs, Cryptonews.com, Transak, and BlockMedia Labs, who provide both financial and operational support. There is also the chance of obtaining an immediate 50% bonus.
Dash 2 Trade (D2T)
With its ground-breaking capabilities, Dash 2 Trade promises to transform the cryptocurrency trading sector. Traders will have complete visibility and control over their assets thanks to its suite of tools, as well as access to a thriving community where they can obtain information for properly researching projects before investing.
The Dash 2 Trade platform is designed to assist both new and experienced traders in developing trading strategies and taking advantage of automated trading via exchange APIs. Furthermore, its token presale ranking system will allow clients to feel comfortable investing in possible tokens early on before they become widely used.
ATTENTION #D2T COMMUNITY
Only 5 days left until the exchange listings!
The first CEX launch will go live on Wednesday 11th Jan 2023!!
Confirmed CEX listings:
Stay tuned pic.twitter.com/IJwYRl8l84
— Dash 2 Trade (@dash2_trade) January 6, 2023
The D2T presale, which is becoming increasingly popular, has concluded and is only now admitting new investors. With almost $14 million raised thus far, the team will have the money and resources to get off to a good start and continue to improve their platform.
C+Charge is an iconic example of how blockchain technology may be used to solve practical issues. Compared to traditional payment methods, its peer-to-peer payment mechanism and secure smart contracts make it simple for EV owners to find nearby charging stations and pay for them directly from their crypto wallets.
C+Charge’s CCHG token presale has now begun, with tokens being sold at a discounted rate of $0.013 USDT each. The price will climb in four phases until it reaches its final price of $0.02350 per token.
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FightOut - Next 100x Move to Earn Crypto
- Backed by LBank Labs, Transak
- Earn Rewards for Working Out
- Level Up and Compete in the Metaverse
- Presale Live Now - $1M+ Raised
- Real-World Community, Gym Chain