Bitcoin Price Prediction as $14 Billion Trading Volume Comes In – Here’s Where BTC is Headed Next
- December 22, 2022
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Bitcoin’s price remained relatively stable, near $16,750 on December 22. The BTC/USD pair began trading at $16,845 and reached a high of $16,873 and a low of $16,800 on Thursday. The BTC/USD trades sideways due to low trading volume and volatility.
Twitter Updates Search Feature with BTC and ETH Price Index
On December 21, the Twitter Business account added a new feature that is an improvement over “$Cashtags.” Twitter, the social networking site, has launched a new cryptocurrency tool that allows users to look up the price of Bitcoin (BTC) and Ether (ETH) by simply typing their names or tickers into the search bar.
The account stated that whenever a user tweets the symbol of a significant stock, exchange-traded fund, or cryptocurrency with $ in front of it, they will see a hyperlink that takes them to search results that now contain pricing graphs for those symbols. It also said that all you had to do to see the price graph was type in the ticker symbol for the stock or cryptocurrency you were interested in.
Elon Musk, Twitter’s CEO, announced the new feature shortly after it was announced, noting that it was “one of many product improvements coming to financial Twitter.”
At the time of writing, the only cryptocurrencies with price charts are BTC and ETH. On the other hand, Twitter Business anticipates improving the user experience and expanding symbol coverage “in the coming weeks.”
Following Elon Musk’s acquisition of Twitter, the site made several crypto-friendly moves. The company intends to take these steps even further. These measures may benefit the cryptocurrency market and BTC/USD.
SBF in FBI Custody as FTX Co-founder and Alameda CEO Pleads Guilty to Fraud
On December 21, a US court announced that FTX co-founder Gary Wang and Caroline Elison, the former CEO of sister company Alameda Research, pled guilty to fraud charges and are cooperating with authorities in their investigation of the crypto exchange’s dramatic fall from grace.
Damian Williams, US Attorney for the Southern District of New York (SDNY), announced the latest development in the FTX scandal in a statement on Wednesday night.
Former FTX CEO Sam Bankman-Fried, he claimed, was in the Federal Bureau of Investigation’s (FBI) custody. Furthermore, after being deported from the Bahamas, he returned to the United States. The accusations against the two have been announced by the Justice Department, SEC, and CFTC, as SBF travels to the United States to respond to the allegations.
Attorneys for the Southern District of New York stated that charges had been filed against the pair to gain cooperation in their investigation into FTX’s demise. However, the SEC has now indicated that it will charge the two for misleading FTX stock investors. The bankruptcy of FTX was the latest in a string of notable bankruptcies in the cryptocurrency industry this year.
Concerns about contagion caused significant losses in BTC/USD and other cryptocurrencies over the last month. As a result, any news about the problematic exchange could impact the broader crypto sector.
Bitcoin’s current price is $16,643, and the 24-hour trading volume is $15 billion. The BTC/USD pair has lost nearly 1% in the last 24 hours. Bitcoin’s price has recovered to the $16,700 trading range after falling to the $16,300 level. For the time being, Bitcoin’s immediate resistance level is above $16,800, and any closing prices below this level may indicate a bearish trend.
Bitcoin’s immediate support level is $16,250 or $16,100; a bearish break of this level could expose BTC to $15,650.
According to the MACD and RSI indicators, there is currently a mixed bias in the market. The RSI is indicating that the market is oversold, while the MACD indicates that there may be upward momentum. These conflicting signals may make it difficult to predict the direction of the market trend.
Finally, the closure of candles below the 50-day simple moving average suggests that the downturn may continue.
Alternative Cryptocurrencies with Greater Short-Term Gains
Cryptocurrencies have been trading sideways for several weeks, prompting some traders to consider alternatives with greater short-term potential. The following are some of the market’s leading presales, allowing investors to get in on the ground floor.
FightOut (FGHT) – Presale Launches
FightOut, a brand-new move-to-earn (M2E) fitness app and gym chain that aims to bring the fitness lifestyle to web3, has opened its pre-sale, and investors believe the project has the potential to transform the existing web3 M2E landscape.
Existing M2E applications, such as STEPN, only track steps and require expensive non-fungible token (NFT) buy-ins to participate, whereas FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity and does not require any expensive buy-ins.
FightOut’s FGHT tokens are currently selling for 60.06 USDT per 1 USDT, and interested investors are encouraged to act quickly to secure their tokens, with the presale raising over $2.7 million in just a few days. The FightOut crypto ecosystem will be powered by the FGHT token.
Dash 2 Trade (D2T) – Presale Enters Final Stage
Those looking to invest in a promising crypto trading platform startup should consider Dash 2 Trade. With its unique features, the up-and-coming analytics and social trading platform hope to take the crypto trading space by storm. Trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system, and a strategy back-testing tool are among the features.
Dash 2 Trade’s ecosystem will be powered by the D2T token, which users must purchase and keep in order to use the platform’s features. Dash 2 Trade is currently holding a token pre-sale at heavily discounted prices, with sales recently exceeding $10.26 million.
The pre-sale dashboard will be available soon, as the development team is currently ahead of schedule. Tokens are currently being sold for $0.0533 per token and will be listed on multiple centralized exchanges within the next month.
Calvaria (RIA) – Final Presale Stage Now
In 2022, major blockchain-based games such as Axie Infinity lost significant traction. As a result, many investors interested in the cryptocurrency gaming space are looking for other options. Calvaria, a new play-to-earn battle card crypto game, could be a viable option.
Calvaria aims to increase crypto adoption by building a bridge between the real world and crypto, in the form of a fun and accessible crypto game. Calvaria’s RIA token pre-sale should be considered by investors.
Calvaria has now raised $2.51 million, with a crypto whale purchasing $97.5K earlier this month. The presale is nearing the end, with only 18% of the tokens remaining.