BTC BitCoin price prediction – Risk increases in the BitCoin market – Review and Chart 2022
BTC BitCoin Price Prediction 2024
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BitCoin (BTC) price is moving below $43,000 as of January 17, within a “boring” price area with signs that the market may stabilize.
Leverages reach all-time high
According to Coin telegraph Markets and TradingView data, BTC/USD seems to be stuck between $40 and $45,000.
While the Wall Street market is on vacation, it is thought that there are surprises, traders have made cautious statements about investing in altCoin s.
Popular analyst William Clemente said that BitCoin has bounced off the rising trendline this month and will soon be on the horizon. He emphasized that he would approach the turning point by creating a wedge model.
He predicted “It will be an interesting week.”
Spot price aside, p it is observed that the market is approaching the highest leverage level of all time. Only the second week of January has seen a setback.
The increased use of leverage has raised concerns over the possibility of traders being liquid if a significant up or down move occurs.
Commentator Vince Prince, “The leverage ratio approaching all-time high in the BitCoin market increases the possibility of great price volatility”.
Cardano stands out among altCoin s< /p>
Meanwhile, while altCoin s generally followed a sideways course, some left this consolidation process.
Cryptocurrencies, which are in the top 10 by market value, have increased by about 9 percent at the time of this writing. Capturing it was led by Cardano (ADA). This move put the ADA/USD pair at a three-week high.
Coin telegraph contributor Michaël van de Poppe, “Based on $ADA again, according to market psychology” said.
LiteCoin (LTC), on the other hand, boosted its investors with a short-lived gain, gaining 4.5% in the last 24 hours.