Week 1 (2023) BTC Bitcoin Analysis

by Jan 2, 2023Bitcoin Weekly Analysis, Weekly Analysis0 comments

BTC ended the yearly candle over $16,400, finishing 2022, which was a difficult year for cryptocurrency investors. A year in which all financial markets were under selling pressure as a result of the Federal Reserve’s most severe contractionary measures, and Bitcoin was no exception. let’s start Week 1 (2023) BTC Bitcoin Analysis.

USDT.D Chart
USDT Chart

In addition to economic measures, internal variables such as LUNA, FTX, Tree Arrow, and others made 2022 a haven for bears.
Week 1 (2023) BTC Bitcoin Analysis shows that it is now trading at about $16,400. So far, this region has been able to avoid the fall on several occasions.

BTC / USDT Chart

According to the BTC and USDT.D charts, Bitcoin will advance toward the $17,400 target this week. It goes without saying that the ranges between $16,700 and $17,200 have high resistance in this direction.

See also  Week 2 (2023) Altcoins Analysis


Submit a Comment

Your email address will not be published. Required fields are marked *

Related Post

Week 11 Altcoins Analysis

Week 11 Altcoins Analysis

According to Bitcoin's movement, in Week 11 Altcoins Analysis, altcoins will briefly rise to the Fibonacci area of 0.236 for the correction of the return wave before the slide resumes. Which altcoins will have a stronger association with Bitcoin? It depends on the...

Week 11 BTC Bitcoin Analysis

Week 11 BTC Bitcoin Analysis

According to the previous week's analysis, in Week 11 BTC Bitcoin Analysis Bitcoin has corrected to the $20,000 range. Although many experts attribute this correction to the events at SVB Bank and the consequent depegging of stablecoins, this correction was perfectly...

Week 9 Altcoins Analysis

Week 9 Altcoins Analysis

Naturally, the altcoins that have grown more lately will see more corrections as a result of the correction that began with Bitcoin. On the other hand, the expansion of BTC.D is a contributing factor to this problem and will put selling pressure on the evolution....