Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result
Home Econ Intersect News

A Massive Move Is Expected For Bitcoin: It May Consolidate Above $17K Before 2023

John Wanguba by John Wanguba
December 28, 2022
in Econ Intersect News, Economics
0
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter

One crypto netizen and analyst, @AltcoinSherpa, went on Twitter to share his insights about Bitcoin (BTC). In his tweet, he said that BTC had the potential to reach $17K before the start of 2023.

$BTC: "Big move coming"…

Typically the EQ is not a good place to trade at. Glad I'm flat here. #Bitcoin #BTC pic.twitter.com/G54FpJUwxx

— Altcoin Sherpa (@AltcoinSherpa) December 27, 2022

The price of Bitcoin (BTC) is currently down 0.17% in the past 24 hours. At the time of publication, BTC is trading at $16,840.89. The slight price drop has caused the market capitalization of Bitcoin to plunge to $321 billion. The drop in market cap is showing some volatility in the price of Bitcoin.

Based on a tweet from the analyst, Bitcoin is optimistic to reach $17,075.14 by the end of 2022 and the move will set a new bullish trend in motion for Bitcoin.

 BTC/USD 1-day Trading (Source: CoinMarketCap
BTC/USD 1-day Trading (Source: CoinMarketCap

Following a return of the bearish momentum, the price of Bitcoin dropped once more to $16,788, indicating a bullish bias in the crypto today. BTC started to retrace lower earlier in the past week, and the bears have been in control for the past several hours because of a minor but constant drop in price levels.

Nonetheless, the trend changed today in favor of buyers, and in the past several hours, the price has plunged to $16,840.89. The bears have gained control of the four-hour and twenty-four-hour price charts.

BTC/USDT 1-Day Trading Chart (Source: “TradingView)”
BTC/USDT 1-Day Trading Chart (Source: “TradingView)”

Provided that the Moving Average Convergence Divergence (MACD) line manages to remain above the signal line, there might be a short-term bearish sentiment in the BTC market in the ensuing hours. Thus, before entering the Bitcoin market, investors and traders need to act with great caution and prudence. The development of a negative trajectory histogram shows that this bearish strength might last for some time in the BTC market.

Buy Bitcoin Now

The market’s current bearish trend might persist, as highlighted by the Stochastic Relative Strength Index (SRSI) line, which is now at 38.33. Because of the latest drop below its SMA line, which is extending the currently negative trend, investors are worried about the possibility of a bearish persistence. But, most of the indicators show that the bearish trend will not last.

BTC/USDT 4h Trading Chart (Source: Trading View)
BTC/USDT 4h Trading Chart (Source: Trading View)

On the 4-hour chart, the bears have wholly taken control of Bitcoin’s market. For the last four hours, Bitcoin has been on a persistent drop driving prices near the support level at $16794.

The converging Bollinger Band (BB) shows that the current mood on the Bitcoin market is bearish. On the lower band, the lowest point that can be achieved is $16,766, while the maximum point that can be reached on the upper band is $16,900.

Tags: BitcoinBitcoin marketBTC pricecryptocrypto marketscryptocurrencyprice analysistechnical analysis
Previous Post

Gold To Surge Past $2,000 And Silver To Double Heading To $50 In 2023 – Avi Gilburt

Next Post

U.S. Pending Home Sales Drop More Than Anticipated In November

Related Posts

Bitcoin Price Sinks Below $26,750 As Fed Says Rate Hikes Are Not ‘Appropriate’
Economics

Bitcoin Price Sinks Below $26,750 As Fed Says Rate Hikes Are Not ‘Appropriate’

by John Wanguba
March 22, 2023
US Raises Interest Rates Despite Banking Mayhem
Business

US Raises Interest Rates Despite Banking Mayhem

by John Wanguba
March 22, 2023
Does Crypto Copy Trading Work?
Economics

Does Crypto Copy Trading Work?

by John Wanguba
March 22, 2023
Is crypto investment safe?
Economics

Is Crypto Investment Safe?

by John Wanguba
March 21, 2023
Bitcoin Price Surge Breathes Life Into Collapsing Crypto Firms
Economics

Bitcoin Price Surge Breathes Life Into Collapsing Crypto Firms

by John Wanguba
March 21, 2023
Next Post
U.S. Pending Home Sales Drop More Than Anticipated In November

U.S. Pending Home Sales Drop More Than Anticipated In November

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market Bitcoin mining blockchain BTC business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe finance FTX inflation investment market analysis Metaverse mining NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Bitcoin Price Sinks Below $26,750 As Fed Says Rate Hikes Are Not ‘Appropriate’
  • US Raises Interest Rates Despite Banking Mayhem
  • Does Crypto Copy Trading Work?

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish