Hello dear readers, let this post serve to close my participation in this up and down year 2022, a very difficult year for cryptocurrency traders and investors, this if we take into account that the Bitcoin kept traders guessing every month of the year.
The Bitcoin price according to Cointelegraph Markets Pro and TradingView data showed that the BTC/USD pair was clinging to a known zone around USD 16,500 at the close of 2022, also the pair all months of the year kept disappointing traders on both sides of the market after a flat Christmas, ignoring the potential importance of simultaneous weekly, monthly, quarterly and yearly candlestick closes.
In this regard, and looking ahead to the near future if Bitcoin some analysts believe that if Bitcoin can hold the lows reached that is positive. Let's see what the new year has in store for us, others are more categorical in their bearish forecasts that reaffirm that Bitcoin's recovery would be preceded by further falls.
But however, some consider that BTC's dominance would have a pending rally for January, meanwhile, a small dose of good news for BTC bulls came from Toni Ghinea, who on December 30 noted a growing trend of cryptocurrency market capitalization dominance.
Despite also predicting a further fall in Bitcoin's price, Ghinea now claims that it will be the altcoins that will bear the brunt.
SOURCES CONSULTED
Cointelegraph Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image background: Cointelegraph
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