BTC Price Prediction - Can BTC Retake $17k Soon

Bitcoin has dropped by 0.6% in the last 24 hours, trading at $16,663 at the time of writing. Bitcoin’s volatility has been significantly low in the last 24 hours. Bitcoin has been down by 21% in the last two weeks.

Bitcoin price analysis

Bitcoin has traded between $16,558 and $16,816 in the last 24 hours, indicating slight volatility. The low volatility has seen the coin failing to recover past $17k, and it currently holds support at the $16,500 level.

The broader cryptocurrency market is yet to recover from the adverse effects caused by the collapse of the FTX exchange last week. The total crypto market cap is still below $900 billion as investors shy away from accumulating more Bitcoin due to uncertainty.

Bitcoin price analysis

Bitcoin has a Relative Strength Index of 60, hinting that buyers could be buying the token at low prices, increasing the chances of a possible uptrend. As the trend turns bullish, BTC could recover the losses made after the collapse of FTX.

To reach the $17K levels again, Bitcoin must break past the resistance at $16,800. A break out past $17,200 could set the pace for a rally to $20k.

Altcoins to buy today

As Bitcoin fails to record strong price movements, traders are now looking for the best cryptos to invest in for notable gains. Some of the best altcoins to buy today include:

Dash 2 Trade (D2T)

Dash 2 Trade is an Ethereum-based platform created by the same team behind Learn 2 Trade. This platform will be officially launched during the first quarter of 2023, but its presale has already started, and more than $6.55 million has so far been raised.

There is a lot of interest in Dash 2 Trade because of its robust fundamentals. The platform will be like the Bloomberg trading terminal for cryptocurrencies and allow investors to make informed decisions.

RobotEra (TARO)

RobotEra is another project that could also emerge as one of the best gaming ecosystems within the blockchain gaming sector. The presale for TARO started recently, and notable gains are already being made, given that more than $130,000 has so far been raised.

RobotEra is a metaverse world where users can create avatars and explore the virtual world. Players within this metaverse can access a variety of real estate options. The RobotEra shared metaverse will also allow users to engage in social activities.

Calvaria (RIA)

Calvaria is a new gaming project. Calvaria is focused on solving the main problem faced by blockchain gaming projects, which is slow adoption. Calvaria has made it easy for non-crypto players to also access the game.

The Calvaria presale is currently in the fourth out of ten stages. The presale has raised more than $1.84 million. The price will increase in the fifth and consecutive stages, giving early investors notable gains.

Tamadoge (TAMA)

TAMA has dropped by 0.1% in the last 24 hours amid a lack of performance in the broader cryptocurrency market. TAMA is the native token for the Tamadoge ecosystem, which seeks to bring utility to the meme coin gaming community.

Tamadoge (TAMA)

Tamadoge is set to release its gaming ecosystem soon. The launch of this platform could trigger notable gains for TAMA. This gaming platform will allow players to receive rewards in TAMA.


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