Bitcoin Price Prediction as BTC Sees $10,000,000,000 Trading Volume Come In – Here are Key Levels to Keep an Eye On


On December 25, Bitcoin the price prediction is unchanged as BTC trades choppy in a tight range of $16,700 to $17,000. Bitcoin’s hashrate dropped 35% in 24 hours as miners in the US closed operations in the face of severe weather.

On Dec. 24, the hashrate dropped to 156 EH/s, as reported by BTC.com. Before that, the average hash rate was 237 EH/s over the course of 14 days. Thousands of flights in the United States have been canceled due to recent winter storms.

Storm-related issues such as power outages have forced Bitcoin miners to halt their operations. According to PowerOutage, a website that monitors outages, nearly 1.4 million buildings are without power.

Mark Cuban wants to buy Bitcoin cheaper

Mark Cuban, the owner of the Dallas Mavericks, plans to buy additional Bitcoin on a future episode of “Club Random,” comedian Bill Maher’s podcast. Fortune says that he claimed that he wanted the biggest cryptocurrency to “sink much lower” before investing more. Monday will be the premiere of the episode.

In his appearance, Cuban rebutted Maher’s claim that gold is a good hedge against inflation, saying, “You know what? If you have gold, you’re a fucking fool.”

Cuban went on to tell Maher that bitcoin is a sound investment, however he cautioned against encouraging others to buy bitcoin.

bitcoin price

Bitcoin current price is $16,813, and the 24-hour trading volume is $10 billion. The BTC/USD pair is almost unchanged today and continues to hold a patchy range of $16,700 to $17,000.

Following a failed attempt to break above $17,000, BTC has pulled back and is stabilizing near $16,800. If the bulls want another shot at higher prices, the price needs to stay above $16,587.

btc chart
Bitcoin Price Chart – Source: Tradingview

A break below the $16,600 support level can open the door for more selling at $16,250 or $16,100; a bearish break of this level can expose BTC to $15,650. Based on the MACD and RSI indicators, the market now has a mixed bias.

The RSI indicates that the market has been oversold, however the MACD indicates that there may be some bullish momentum. Due to these conflicting indications, predicting market movement can be challenging.

Alternative Cryptocurrencies With Higher Profit Potential

For a few weeks, cryptocurrencies have been trading sideways, tempting some traders to investigate alternatives with greater near-term promise. The following are some of the largest pre-sales on the market, allowing investors to get in early.

Fight (FGHT)

To struggle (FGHT) is a movement-to-gain app that compensates users for engaging in different workouts like boxing, weightlifting, and yoga. It will be built on Ethereum and go live in Q2 2023, offering a selection of in-app and in-person classes, as well as plans to open up to 20 own-brand gyms and affiliate with a host of others.

His token sale, which began last week, has already raised more than $2.3 million. The current sale price is 60.06 FGHT per $1 (FGHT can be purchased using ETH or USDT), but this will increase during the next stage of the sale.

Visit FightOut now

Dash Trading 2 (D2T)

dash 2 trade is another Ethereum-based platform that will provide real-time analytics and social trading data when it launches early next year. Trading signals, on-chain analysis, strategy building tools, and news will be among its initial features, helping both novice and experienced traders stay ahead of the volatile cryptocurrency market.

Its D2T token sale has raised over $10.8 million and is ready to finish in just 12 days, providing early investors with a rapidly closing window of opportunity. The altcoin will be listed on its first exchange on January 11, with LBANK Exchange, Changelly Pro, and Bitmart confirmed as the first trading platforms to support it.

Visit Dash 2 Trade now

C+Charge (CCHG)

C+Load (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations that runs on Binance Chain. Their goal, which is scheduled to start in the second quarter of next year, is to increase access to carbon credits, which would reward consumers for charging their electric vehicles at their terminals.

In an indication of how quickly it could expand, the platform has already reached an agreement with Perfect Solutions Turkey, which will add 20% of Turkey’s EV chargers to its network. 1 CCHG currently costs $0.013 and can be purchased using BNB or USDT.

Visit C+Charge now

Find the best price to buy/sell cryptocurrencies

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Cryptocurrency Price Tracker – Source: cryptonews