Bitcoin Price Prediction as $15 Billion Trading Volume Comes In – Where is BTC Headed in 2023?
During the US session, Bitcoin price prediction is neutral as it’s trading in a narrow range of $16,450 to $16,750. Lightspark’s CEO and co-founder David Marcus disillusioned investors with his forecast for the industry in the next years. The damage done by “unscrupulous players” to Bitcoin and other cryptocurrencies, he said, would not be repaired until at least 2024.
On December 30th, he tweeted his thoughts to the world.
A few predictions for 2023: “Out with speculators, in with builders”. Spoiler alert, we’re going into another tough year, but there will be silver linings along the way https://t.co/6Vg0RwIfEh— David Marcus (@davidmarcus) December 30, 2022
The fallout from the FTX catastrophe has continued to disturb mood and price performance nearly two months after the event. Marcus was of the opinion that they will continue to be a problem for the crypto business well after 2023. While he didn’t specifically name FTX, he did say that “unscrupulous participants” will extend the market’s underperformance into 2023.
BTC Volatility Caused 0.39% of Elon Musk’s $200B Loss
According to Bloomberg News, Elon Musk lost $200 billion, making him the first person in history to do so, while Tesla lost $783 million due to Bitcoin (BTC) volatility. On November 4, 2021, Musk’s personal wealth was estimated at $340 billion, making him the richest person in the world.
Elon Musk became the first person ever to lose $200 billion according to Bloomberg News, while Tesla lost $783 million to Bitcoin (BTC) volatility, which c…Read more: https://t.co/ON7jJ467n0— webnow🌎 (@webnowcompany) December 31, 2022
By the end of 2022, Musk’s fortune had dropped to $137 billion, and LVMH’s Bernhard Arnault had supplanted him as the company’s most wealthy individual. Tesla, Musk’s electric vehicle company, saw its value drop by 65% in 2022, and he had to sell a lot of his other assets to pay $40 billion to buy Twitter.
In February of 2022, Tesla paid $1.5 billion to acquire 43,200 BTC. With the current BTC price hovering at $16,597 at the time of writing, the sum is equivalent to $716,368,320. Tesla has lost a total of $873,631,680 on its BTC investments, or 0.39 percent of Musk’s $200 billion loss.
The current bitcoin price is $16,573, with a trading volume of $11 billion in the last 24 hours. On the 4-hour time frame, Bitcoin is gaining solid support at $16,460, that is being extended by an outward trend line visible in the chart below.
A bullish breakout of the $16,720 level might propel Bitcoin to the next resistance level of $16,990. Because the RSI and MCD are both negative, a bearish break below $16,460 might expose Bitcoin to immediate support levels of $16,200 or $16,000. A further decline of $16,000 today may expose BTC to the $15,500 level.
Profitable Cryptocurrencies to Watch
Given the market’s aversion to risk, traders are seeking alternatives that provide better short-term prospects. Early investors have the opportunity to participate in the market’s largest pre-sales.
The FightOut (FGHT) platform works similarly to a personal trainer, except that the FGHT token is rewarded proactively for workout time. All activities are recorded and can be used to improve the statistics of one’s metaverse avatar. Earning FGHT tokens gives consumers an extra incentive to live a healthy lifestyle and exercise while reaping the benefits of blockchain technology.
Despite the general lack of liquidity in the bitcoin market, FightOut has thrived and attracted investors. Through its token sale, which began last week, it has already raised more than $2.5 million.
As the sale progresses, the current selling price of 60.06 FGHT for $1 (FGHT can be purchased using ETH or USDT) will grow.
Dash 2 Trade (D2T)
When it launches in early 2023, Dash 2 Trade will be an Ethereum-based platform that will deliver real-time analytics and social trading data. Trading signals, on-chain analytics, strategy-building tools, and newsfeeds will be among the initial features, supporting both rookie and expert traders in staying abreast of the turbulent bitcoin market.
Dash 2 Trade, one of the most important ICOs of 2022, has launched its dashboard beta with only 6 days left in the presale. D2T has raised over $11.6 million in venture funding so far. D2T is the system’s access coin, and it is now worth $0.0533 in the presale after previously selling for $0.0476 to investors.
C+Charge (CCHG) is a Binance Chain-based peer-to-peer payment system for electric vehicle (EV) charging stations. It intends to broaden access to carbon credits by rewarding consumers who charge their electric vehicles at its terminals, which will be operational in the second quarter of next year. The platform has already agreed to add 20% of Turkey’s EV chargers to its network, indicating its ability to rapidly scale.
1 CCHG costs $0.013, and it can be purchased with BNB or USDT. So far, the initiative has raised more than $47,800 in pre-sale funds.