- People are speculating about what the price of BTC will do before the end of 2022.
- BTC is currently trading at $16,751.00 after a 4.22% drop in price.
- The market leader’s price will enter into a mini bull rally over the coming days.
As 2022 is coming to an end, people are speculating about what the price of the crypto market leader, Bitcoin (BTC) will do. The well known on-chain analysis firm, Santiment, encouraged the community to join in on this discussion about the possibilities regarding BTC in a recent Tweet.
The post asked the community on December 17 “ what Bitcoin price would be the closest to your target for being all in on crypto, with no money in stablecoins”. Some of the options in the poll included $5,000 or less, $10,000, $16,600 (all in), or $20,000 or more.
When looking at BTC’s performance over the last 24 hours, we see that the crypto king is currently trading at $16,751.00 after a 4.22% drop in price. In addition to this, the crypto is also still down by more than 2% over the last week.
BTC was, however, able to strengthen against its biggest competitor in the market, Ethereum (ETH), by about 3.34%. The crypto’s 24 h9ur trading volume is also in the green zone and now stands at $25,899,300,947 after a more than 25% increase. In terms of market cap, BTC currently stands at $322,278,142,316.
The daily chart for BTC/USDT shows that the price of BTC is trading below the 9-day and 20-day EMA lines. However, the price of BTC has already entered into a recovery and may look to target the 9-day EMA line. The daily RSI is also sloped positively, which suggests that the market leader’s price will enter into a mini bull rally over the coming days.
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