Кийин FTX chaos died down, the majority of assets on the cryptocurrency базар have been seeing uneventful диаграмма ченемдүүлүктөрү in recent weeks, with the industry’s main representative, Bitcoin (BTC), measuring record-low volatility.
Чындыгында, терминалдарда hasn’t moved out of the $16,600 – $16,900 range since December 16, in a sideways trading pattern that followed a dramatic decline after the collapse of FTX, бир жолу эң чоңдордун бири крипто-алмашуу in the world, as белгиленген крипто аналитик тарабынан IncomeSharks December 25 боюнча.
As it happens, the FTX crash had added more pressure on the BTC price, which was seen declining since its 2022 high of $47,905 recorded on March 28 and still struggles to make any significant movement in any direction in what the analyst referred to as “do nothing December.”
Will Bitcoin price rally soon?
Ошол эле учурда, IncomeSharks expressed hope “for the price to take off,” stating that the stagnant Bitcoin price looked like the flagship decentralized finance (толугу менен) token was “trying to build a runway.”
Meanwhile, another pseudonymous crypto expert, known as Stockmoney Lizards, мындай деди: on December 25 that it was “a matter of time” before Bitcoin makes a breakout, as it was forming double falling wedges, a pattern that typically indicates that букачар could be preparing for a rally.
Crypto аналитик Trader Tardigrade дагы байкалып that “Bitcoin failed to continue the ABC down-driving pattern,” considering that “BTC used to spend 32 days to complete ‘B’ wave and then break to the downside with a new low. However, it has been overdue for this time.”
Белгилей кетсек, Finbold мурда билдирди on a crypto analyst seeing $9,000 as a foundation for the maiden crypto asset to start a new rally, whereas BTC has shown faster funding rates recovery after the FTX implosion than after previous capitulation events, including Covid and Кытайда криптога тыюу салынган.
In the meantime, reputable crypto analyst Vince Prince окшогон that Bitcoin has formed the ‘Merry Christmas Cycle’ in 2022, the same pattern that emerged during the last three Christmases, indicating the end of the аюу базар and the start of the new Christmas cycle, possibly culminating to around $1.8 million by Christmas 2026.
Bitcoin баа анализи
As things stand, Bitcoin is currently changing hands at the price of $16,866.05, up 0.22% on the day, as well as 0.74%. It is also recording modest gains on its monthly charts – 1.63%, although BTC is still down 64.79% from the year’s high in March.
Should the above patterns prove bullish for Bitcoin, and it manages to take off from the sideways “runway,” break out from the double falling wedges, and retain the positive momentum towards the analysts’ (in some cases very high) expectations, while no unforeseen events like the FTX fall happen, then a rally is indeed likely.
Disclaimer: Бул сайттагы мазмун инвестициялык кеңеш катары каралбашы керек. Инвестиция - бул спекулятивдүү. Инвестициялоодо сиздин капиталыңыз тобокелге салат.
Source: https://finbold.com/bitcoin-volatility-stagnates-but-new-years-party-could-be-in-sight/