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Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss
Little fresh BTC price action greets traders in the final hours of 2022, with Bitcoin avoiding any form of last-minute trend change.
BTC/USD clinging to a familiar area around $16,500.
The pair continued to disappoint players on both sides of the trade after a sideways Christmas, ignoring the potential significance of the simultaneous weekly, monthly, quarterly and yearly candle close.
“Technical resistance and overhead liquidity suggests sub $17k local top, but anything goes in the Wild Wild West,” on-chain analytics resource Material Indicators wrote in part of commentary on the Binance BTC/USD order book.
An accompanying chart nonetheless showed a lack of significant support above $16,000, with resistance overhead at $17,000.
Bitcoin (BTC) New Bull Cycle Has Began. BTC Price Chart Analysis And Price Prediction 2023
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date : 2022-12-31 17:20:11
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