Crypto Rover suggests that Bitcoin’s 2023 low is in.
Crypto Rover, a highly followed crypto analyst, has attempted a prediction of Bitcoin’s price low for the calendar year.
In a tweet today, the analyst suggested that the asset has already tapped its price low for the year at the $16,552 price point. Notably, CoinMarketCap data puts the current 2023 low at about $16,517 on the first day of the year. However, it does not take away from the point the analyst was trying to make.
Notably, 2022 is the only year in the list since 2015 that Bitcoin traded lower than the previous year.
#Bikcoinas Yearly lows:
2012: $ 4
2013: $ 65
2014: $ 200
2015: $ 185
2016: $ 365
2017: $ 780
2018: $ 3,200
2019: $ 3,400
2020: $ 3,850
2021: $ 27,734
2022: $ 15,479
2023: $16,552 (?)- Crypto Rover (@rovercrc) Sausis 16, 2023
It is worth noting that Bitcoin has remained on an upward trajectory so far this year. At press time, it is up 26% from its opening price of $16,547.91 on January 1.
While the reason for the renewed interest in Bitcoin is unclear, Santiment Feed, in a tweet yesterday, pointed out significant accumulation by key big bag holders.
Per the data shared, Bitcoin sharks with holdings between 10-100 BTC kicked things off by accumulating 106,500 BTC in the past 10 weeks, halting Bitcoin’s $16k decline. Next up, the crypto analytics firm shows that small whales with holdings between 100-1000 BTC, accumulating 67,000 BTC in the last 8 weeks, led the rebound to $18k. Finally, large whales with 1000-10,000 BTC, adding 37,100 BTC to their bags in the last 10 days, led the rally to $21k.
📈 Galutinis paaiškinimas, kodėl #crypto kainos atšoko:
🦈10-100 $ BTC piniginės pridėtos 105,600 XNUMX #Bikcoinas per pastarąsias 10 savaičių
🐋100-1,000 $ BTC piniginės pridėtos 67,000 XNUMX #Bikcoinas per pastarąsias 8 savaičių
🐳1,000 10,000–XNUMX XNUMX $ BTC piniginės pridėtos 37,100 XNUMX #Bikcoinas per pastarąsias 10 dienųhttps://t.co/sGLqJLxGVD pic.twitter.com/kpQimOXmeO- „Santiment“ (@santimentfeed) Sausis 14, 2023
As pranešė today, veteran trader Peter Brandt has shared a bullish outlook on the asset, seeing it peak above the $100k price in 2024. Verified CryptoQuant author Maartunn shared a similar setup with a $60k price target. Notably, both hinge on Bitcoin maintaining price support around the $18,300-$18500 range.
At the time of writing, Bitcoin is trading at the $20,877.2 price point, up 0.51% in the last 24 hours.
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Source: https://thecryptobasic.com/2023/01/16/crypto-analyst-suggests-bitcoin-already-tapped-its-low-for-the-year/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-analyst-suggests-bitcoin-already-tapped-its-low-for-the-year