{"id":26311,"date":"2022-12-28T17:32:12","date_gmt":"2022-12-28T17:32:12","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/28\/bitcoin-price-touches-16k-digital-market-news\/"},"modified":"2022-12-28T17:32:12","modified_gmt":"2022-12-28T17:32:12","slug":"bitcoin-price-touches-16k-digital-market-news","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/28\/bitcoin-price-touches-16k-digital-market-news\/","title":{"rendered":"Bitcoin Price Touches $16K | Digital Market News"},"content":{"rendered":"

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On December 26, bitcoin investors continue to experience minimal volatility as optimistic predictions point to a possible trend reversal.<\/span><\/p>\n

On Boxing Day, the BTC\/USD exchange rate continued to move sideways by about $16,800, according to data from Cointelegraph Markets Pro and TradingView.\u00a0<\/span>Holiday volume fluctuations had little effect on the pair\u2019s performance since the market was already deflated and suffering its lowest volatility ever.<\/span><\/p>\n

Bitcoin Price Might Change Significantly Soon<\/b><\/span><\/h2>\n

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Analysts tried to prepare the ship for probable turbulence by trading sparingly in the final week of \u201cDo Nothing December.\u201d\u00a0\u00a0<\/span>\u201cIf BTC<\/a> doesn\u2019t recoup around $17,150 in support before the year is through\u2026 The $13900\u2013$17150 area will thereafter become $BTC\u2019s new playground, Rekt Capital tweeted in a new update.\u00a0<\/span>\u201cAs a result, BTC might, at worst, decline to the Range Low of $13900, representing a -20% decline from current levels.\u201d<\/span><\/p>\n

Rekt Capital was referring to an earlier notion regarding support levels on the BTC\/USD one-month chart.\u00a0<\/span>Commentators continued to favor further downside, with Il Capo of Crypto certain as ever that a new macro low is still to come.<\/span><\/p>\n

\u201cI believe that the majority of bears are anticipating a level of $10,000<\/a> while ignoring all the support that exists before that point. A very solid support between 11 and 13 thousand should hold, he reasoned.\u00a0<\/span><\/p>\n

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However, in response, another well-known trading account, Profit Blue, remained steadfast in their predictions that the bear market in Bitcoin will bottom out at $10,000. Trader Elizy, meantime, had a viable solution for ending the excruciating low-volatility status quo that would be of benefit to market participants.<\/span><\/p>\n

Part of a tweet said, \u201cBTC the movement is nearing\u2026 I think in the next 48h.\u201d A one-week BTC\/USD chart with strong support at a little over $13,000 has been provided by Elizy.<\/span><\/p>\n<\/div>\n