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.
🤔 Of the available options, what #Bitcoin price would be the closest to your target for being #allin on #crypto, with no money in #stablecoins?
Drop your exact target prices in the comments. 👍
— Santiment (@santimentfeed) December 16, 2022
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.
Daily chart BTC/USDT (Source: CoinMarketCap)
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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