Traders Are at Odds as the BTC Price Remains Stuck at $17,000

Traders Are Relentless as Bitcoin Price Remains Stuck at $17,000– January 6, 2022

The BTC/USD exchange rate is consolidating above the $16,800 level as Bitcoin price remains stuck at $17,000. Doji candlesticks represent the personalities of buyers and sellers. Traders are divided about the market’s direction. Today’s price movement is insignificant because buyers are unable to keep the price above the $17,000 mark.

Bitcoin Price Statistics Data:
•Bitcoin price now – $16,937.75
•Bitcoin market cap – $325,939,756,784
•Bitcoin circulating supply – 19,254,387 BTC
•Bitcoin total supply – $355,690,442,358
•Bitcoin Coinmarketcap ranking – # 1

Resistance Levels: $50,000, $55, 000, $60,000
Support Levels: $25,000, $20,000, $15,000

Bitcoin’s (BTC) price has been moving in a narrow range below $17,000 since its price collapse on December 16. Before its price decline on December 16, Bitcoin had only been able to move within a range of $16,000 and $18,000. Currently, the price of BTC fluctuates only slightly between $16,000 and $17,000. A high of $17,200 was reached by Bitcoin, but buyers were unable to maintain the bullish momentum. The BTC price has been fluctuating below the initial resistance over the last 48 hours after it was met. On the plus side, BTC/USD will increase to the following resistance level of $18,391 if buyers can maintain the price above the resistance and the bullish momentum persists. However, as long as the $17,000 resistance level holds, Bitcoin may continue to trade in a range. Therefore, BTC/USD will once again trade in a range between $16,260 and $17,066. The cost of one Bitcoin is currently $16,828.

Australia Surpasses El Salvador as the Fourth-Largest Cryptocurrency ATM Hub – Bitcoin Price Remains Stuck at $17,000

El Salvador’s reign as the fourth-largest hub for crypto ATMs was brief because Australia improved over the ensuing months. El Salvador, the first nation to legalize Bitcoin, has dropped yet another position in terms of the total number of crypto ATM installations as Australia reports 216 ATMs as we approach 2023. According to reports, Spain installed 215 crypto ATMs, making it the third-largest hub for crypto ATMs.However, Spain kept up its installation drive and, as of this writing, had 226 crypto ATMs. El Salvador’s reign as the fourth-largest hub for crypto ATMs was brief because Australia improved over the ensuing months. According to CoinATMRadar data, Australia installed 99 cryptocurrency ATMs in the final three months of 2022. Australia had 219 active crypto ATMs as of January 1, 2023, outnumbering El Salvador by 7 ATMs as of this writing. At this rate, Asia’s 312 crypto ATMs, which make up 0.6% of all installations worldwide, could be surpassed by Australia’s 0.6% share. There are currently 38,602 crypto ATMs operating worldwide, 6,071 of which were set up in 2022.

Meanwhile, buyers are relentless as Bitcoin price remains stuck at $17,000. The bullish momentum could not be maintained as Bitcoin encountered resistance at the overbought level of $17,000. The largest cryptocurrency has retraced below the $17,000 mark as it maintains its range-bound trend.

However, as Bitcoin continued its range-bound move beneath the $17,000 barrier level, traders were perplexed. Due to the unpredictability of the market, buyers and sellers are still engaged in a price war. The Dash 2 Trade is a great opportunity for traders to use in their trading. You can use Dash 2 Trade to get the analytics, automated trading, and practical advice you need to increase your trading and speculative profitability. While the D2T token pre-sale is still going on, time is running out. Due to a quicker-than-anticipated pace of product development, the presale dashboard will soon be unveiled. Around $14 million has so far been collected.

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