Global’s Biggest Exchange is Astonished by the Mysterious $1.88 Billion Bitcoin Transfer
The last trading day of 2022 offers little incentive for the bulls, with the Bitcoin price trending lower in line with stocks and the US dollar.
Bitcoin’s drop from $16,545 sparked a major shift at the December 30 Wall Street open, with BTC/US moving closer to $16,000.
Will the new year bring “long-awaited volatility?
Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD fell as low as $16,337 on Bitstamp.
The couple have gradually increased turnover in the run-up to Christmas Day as analysts consider what will happen in the final run-up to the annual shutdown.
“Last trading day of the year for TradFi, but crypto will trade during the holiday weekend. Perhaps we will see some long-awaited BTC exchange rate in the weekly / monthly range in the first trading. 2023 , chain analytics asset indicators.
Trader and analyst Rekt Capital said that “Historically, the strongest indicator of the bottom of BTC $ is when the BTC 2 bearish candle closes every year.”
Rekt Capital was considering Bitcoin’s four-year downtrend, with the year following the sharpest decline being a year of overall losses.
The worst thing that can happen at the end of the week, he argued, “and anything bad that happens in the next 3 candles is just money for the buyers.”
Binance chart data uploaded by the indicator showed no visible support between the spot price at $16,000, and resistance accumulated at $17,000 and above.
As reported by Cointelegraph, the forecast for the first quarter of 2023 ranged from a rally above $20,000 to another shock for the bulls in the form of a move below $10,000.
Risk goods can get “some suspension”
On the broader side, US equities opened with slight losses, with the S&P 500 and Nasdaq Composite Index both down nearly 1% at the time of writing.
The US dollar also looks unlikely to post further gains at the end of the year, with the US Dollar Index (DXY) continuing its six-month low.https://portugal-farmacia24.com/