Bitcoin Price Prediction – Can BTC Recover to $60,000 in 2023?
Bitcoin price prediction continues to remain bearish, however, the double bottom support level may halt the downtrend near $16,570. On December 28, the BTC/USD began trading at $16,719, reaching the highest and lowest values are $16,586.00 and $16,759.00, respectively. The BTC/USD pair is now trading at $16,673, down 0.92% in 24 hours.
In addition, its value has dropped by more than 1.5% in the last week.
Kraken Leaves Japan for the Second Time
The US-based cryptocurrency exchange Kraken announced on December 28 that it will cease operations in Japan the following month due to the country's current market conditions and the global crypto market's poor performance.
According to Kraken, as of January 31, the financial services agency (JFSA) will no longer recognize Kraken as a financial services provider. Customers must therefore withdraw their fiat and cryptocurrency holdings before that date. The exchange is "fully funded to ensure that all affected clients can withdraw their assets in a timely manner," according to Kraken.
It also advised customers to sell their fiat currency and cryptocurrency holdings. Kraken ceased operations in Japan in 2018, citing increased business expenses. Two years later, the company relaunched with a Tokyo headquarters.
Furthermore, just days before making its statement, Kraken announced plans to lay off 1,100 employees as part of a sector-wide downturn following the demise of FTX and its founder, Sam Bankman-Fried. As a result of the poor market conditions, the company announced a 30% reduction in staff.
In 2022, cryptocurrency values have plummeted, with BTC/USD losing roughly two-thirds of its value since the start of the year.
Agro Stops Trading Due to Bankruptcy Concerns
The American depositary shares (ADS) of the bitcoin mining company Argo blockchain are no longer available for trade on NASDAQ, according to a press release dated December 27.
The company stated that it had to halt trading due to a December 28 announcement and the December 27 holiday on the London Stock Exchange. Agro Blockchain has announced that it will resume operations on December 28.
The announcement comes after the company faced financial difficulties and bankruptcy speculation as a result of rising energy prices and a falling Bitcoin price. The mining company has been experiencing financial difficulties as a result of rising energy prices and the declining value of BTC/USD.
Hal Finney's Wife has Announced a Bitcoin Charity Event
Fran Finney, Hal Finney's wife, has organized a fundraising event for those suffering from Amyotrophic Lateral Sclerosis (ALS). While addressing the event on Twitter on December 27, Finney urged Bitcoin users to run a half-marathon and post about their experiences on social media between January 1 and January 10, 2023, to raise funds to fight cancer.
Fran Finney announced the news on Hal Finney's official Twitter account. She had previously reactivated the account to keep it from being deleted by Twitter. The ALS Association Golden West Chapter is collaborating with "Running Bitcoin," which is named after Hal Finney's first Bitcoin Twitter post just a few days after it went live in 2009.
The organization provides ALS patients with educational resources as well as equipment loans. The organization hopes to make money from the event by giving official Running Bitcoin T-shirts and rare Hal Finney collectibles to certain contributors.
Hal Finney was an avid runner until he was diagnosed with ALS in August 2009. He fought the disease for several years before being cryonically preserved in 2014. Hal Finney is well-liked among Bitcoin holders. A charity like this can also increase interest in and value of BTC/USD.
Bitcoin Price
Bitcoin is currently worth $16,619, with a 24-hour trading volume of $15 billion. Today, the BTC/USD pair is down 0.30%, heading toward the $16,500 support level. With a live market cap of $319 billion, CoinMarketCap currently ranks first. There are 21,000,000 BTC coins in circulation, with a total supply of 21,000,000 BTC coins.
Bitcoin has broken through the ascending triangle pattern that had held the coin at $16,730. On the downside, the immediate support for Bitcoin is $16,560. Increased selling pressure could push the decline all the way to $16,300; a bearish break of this level might expose BTC to $15,650.
On the plus side, Bitcoin's immediate resistance remains at $16,750, and a bullish crossover above that level might expose BTC to $16,920 or $17,000.
Higher-Profit Cryptocurrencies
Given the market's risk-off sentiment, traders are looking for alternatives with better short-term prospects. Investors can get in early on the market's biggest presales.
FightOut (FGHT)
The FightOut (FGHT) platform functions similarly to a personal trainer, with the exception that the FGHT token is proactively rewarded for exercise time. All activities are recorded and can be used to improve one's metaverse avatar's statistics. Earning FGHT tokens provides an additional incentive for people to stay healthy and exercise while reaping the benefits of blockchain technology.
FightOut has succeeded and attracted investors despite the general lack of liquidity in the cryptocurrency market. It has already raised more than $2.4 million through its token sale, which began last week. The current selling price of 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT) will rise as the sale progresses.
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Dash 2 Trade (D2T)
Dash 2 Trade is another Ethereum-based platform that will provide real-time analytics and social trading data when it launches early next year. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among the first Features, assisting both novice and experienced traders in staying on top of the volatile cryptocurrency market.
The D2T token sale has raised over $11 million and is set to conclude in just 9 days, providing early investors with a rapidly closing window of opportunity. The altcoin will be listed on its first exchange on January 11, with LBANK Exchange, Changelly Pro, and Bitmart confirmed as the first trading platforms to support it.
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C+Charge (CCHG)
C+Charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations based on the Binance Chain. Beginning in the second quarter of next year, its objective is to increase access to carbon credits by rewarding consumers who charge their EVs at its terminals.
The fact that the platform has already reached an agreement with Perfect Solutions Turkey, which will add 20% of Turkey's EV chargers to its network, demonstrates how rapidly it might grow. Currently, 1 CCHG costs $0.013 and can be purchased with BNB or USDT.
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