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.