{"id":39328,"date":"2022-12-26T17:57:12","date_gmt":"2022-12-26T17:57:12","guid":{"rendered":"https:\/\/egrowonline.com\/?p=39328"},"modified":"2022-12-26T17:57:12","modified_gmt":"2022-12-26T17:57:12","slug":"bitcoin-price-volatility-due-within-days-new-take-says-as-btc-flatlines-at-16-8k","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=39328","title":{"rendered":"Bitcoin price volatility due within days, new take says as BTC flatlines at $16.8K"},"content":{"rendered":"


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Bitcoin (BTC<\/a>) hodlers are enjoying another day of zero volatility on Dec. 26 as hopeful forecasts se signs of a trend change.<\/p>\n

BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n

Opinions diverge further over BTC price bottom<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> confirmed more sideways action near $16,800 for BTC\/USD on Boxing Day.<\/p>\n

The pair took the holiday period in stride, with reduced volumes having no impact on an already deflated market experiencing its lowest volatility on record<\/a>.<\/p>\n

With few trading opportunities in the last week of \u201cDo Nothing December,\u201d analysts attempted<\/a> to ready the ship for potential headwinds to come.<\/p>\n

\u201cIf BTC fails to reclaims ~$17,150 as support before the end of the year\u2026 Then $BTC will establish the $13900-$17150 range as its new playground,\u201d Rekt Capital tweeted<\/a> in a fresh update. <\/p>\n

\u201cTherefore at worst, BTC could drop to the Range Low of $13900, Which translates to a -20% drop from current prices.\u201d<\/p><\/blockquote>\n

Rekt Capital was referring to a previous theory<\/a> involving support levels on the one-month BTC\/USD chart.<\/p>\n

\"\"
BTC\/USD annotated chart. Source: Rekt Capital\/Twitter<\/em><\/figcaption><\/figure>\n

Fresh downside remained a popular bet among commentators, with Il Capo of Crypto as insistent as ever about a new macro low being yet to come. <\/p>\n

\u201cI think most bears are expecting 10k, ignoring all the support before that level. 11k-13k is a very strong support that should hold,\u201d he reasoned<\/a>.<\/p>\n

Responding, however, another popular trading account, Profit Blue, stuck to<\/a> their warnings that $10,000 would mark the Bitcoin bear market bottom.<\/p>\n

\"\"
BTC\/USD annotated chart. Source: Il Capo of Crypto\/Twitter<\/em><\/figcaption><\/figure>\n

Analyst counts down to volatility return<\/h2>\n

In terms of breaking the agonizing low-volatility status quo, meanwhile, trader Elizy had a potential silver lining for market participants.<\/p>\n

Related:\u00a0Bitcoin accumulation addresses near record 800K despite whale selling<\/a><\/em><\/strong><\/p>\n

\u201cBTC the movement is approaching …. I think in the next 48h,\u201d part of a tweet stated<\/a>.<\/p>\n

Elizy added a one-week BTC\/USD chart with significant support in place at just above $13,000.<\/p>\n

\"\"
BTC\/USD annotated chart. Source: Elizy\/Twitter<\/em><\/figcaption><\/figure>\n

Many, however, were more than content to wait<\/a> until the BTC price \u201cchopfest\u201d naturally came to an end.\u00a0<\/p>\n

The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) hodlers are enjoying another day of zero volatility on Dec. 26 as hopeful forecasts se signs of a trend change. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge further over BTC price bottom Data from Cointelegraph Markets Pro and TradingView confirmed more sideways action near $16,800 for BTC\/USD on Boxing Day. The […]<\/p>\n","protected":false},"author":1,"featured_media":39329,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[40],"tags":[13011,50,194,355,132,2378,195,1740],"class_list":["post-39328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-168k","tag-bitcoin","tag-btc","tag-days","tag-due","tag-flatlines","tag-price","tag-volatility"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/12\/dc335759-f3bb-4619-adb4-08bacf62779d.jpeg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=39328"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39328\/revisions"}],"predecessor-version":[{"id":39330,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/39328\/revisions\/39330"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/39329"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=39328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=39328"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=39328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}