{"id":19192,"date":"2022-11-28T00:55:20","date_gmt":"2022-11-28T00:55:20","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/11\/28\/bitcoin-could-be-looking-at-a-dip-of-12k\/"},"modified":"2022-11-28T00:55:20","modified_gmt":"2022-11-28T00:55:20","slug":"bitcoin-could-be-looking-at-a-dip-of-12k","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/11\/28\/bitcoin-could-be-looking-at-a-dip-of-12k\/","title":{"rendered":"Bitcoin Could Be Looking At A Dip Of $12K"},"content":{"rendered":"

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The price of Bitcoin remained undecided on the 24th of November, with a single trader reinforcing the price target of $12,000 BTC. <\/span><\/p>\n

According to data that was retrieved from TradingView and Cointelegraph<\/a> Markets Pro, it has been understood that the entire exchange circled around a price of $16,500- which quite represented the calm before the storm on the crypto market. <\/span><\/p>\n

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The USD\/BTC pair still failed to convince the analysts that better times seemed to be on the way, with a popular commentator referred to as Il Capo of Crypto stating that it was just a matter of time before the cryptocurrency shifted downwards again. It is interesting to note that on both low and high timeframes, the picture that surrounds BTC looks pretty bleak.\u00a0<\/span><\/p>\n

Bitcoin Looking At An Upward Trajectory in Price?<\/b><\/span><\/h2>\n

As reported by Cointelegraph, multiple forecasts of the price of Bitcoin did continue to call for a bear market bottom of $14,000. Another trader, who went by the name Gert van Lagan, responded to Il Capo<\/a>, by offering a potential support flip or an upside resistance at a sum of $18,000 as a bullish cue. <\/span><\/p>\n

The exchange is still rising from the current levels and could be expected to hold on to that position, which according to him would make the current two-year low sum of $15,480 the triple bottom for 2022. Van Lagen further stressed that this would qualify only if 18.1k gets broken.\u00a0<\/span><\/p>\n

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One of the major contributions came from an ETF analyst James Seyffart- affiliated with Bloomberg Intelligence- who stated that despite shaky nerves in the market, a voluntary liquidation of around $10.5 Grayscale Bitcoin Trust was quite unlikely.\u00a0<\/span><\/p>\n<\/div>\n