BTC Price Remains Flat Above $16K

Traders’ Apathy Continues as BTC Price Remains Flat Above $16K – January 2, 2022

Bitcoin’s price movement has been horizontal as BTC price remains flat above $16K. The cryptocurrency asset has been limited between $16,300 and $16,800. This limited price range reflects buyers’ and sellers’ apathy toward the market’s direction. If the price of Bitcoin falls below these levels, it will restart its upward path.

Bitcoin Price Statistics Data:
•Bitcoin price now – $16,696.24
•Bitcoin market cap – $321,401,402,635
•Bitcoin circulating supply – 19,250,700 BTC
•Bitcoin total supply – $350,589,325,720
•Bitcoin Coinmarketcap ranking – # 1

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

Since December 28, the price of Bitcoin (BTC) has stayed stable over the $16,000 level. A price below the moving average lines is also seen for the biggest cryptocurrency. Due to buyers’ and sellers’ lack of interest in the market’s direction, the current tight range exists. The biggest cryptocurrency has been forced to trade in a range since November 9 due to the occurrence of small-body, unresolved candlesticks. The candlesticks depict how traders feel about price changes. These candlesticks demonstrate that traders are unsure of the market’s direction. However, if the present narrow range between $16,300 and $16,800 price levels is broken, Bitcoin will resume trending. For instance, if the price of Bitcoin increases, it will pass through the $17,000 resistance level and the moving average lines. Up until the $18,000 high, the bullish trend will persist. Currently, Bitcoin is increasing as it tries to surpass the moving average lines.

The Bitcoin Core Engineer Claims That a Hack Cost Him Over 200 BTC

Luke Dashjr, a founding member of Bitcoin and a core developer, claims that on December 31, his PGP key was compromised. As a result, almost all of his Bitcoin was taken from him. Luke Dashjr, is one of the first creators of the Bitcoin core. Luke Dashjr claims that a hack that happened right before the New Year caused him to lose “essentially” all of his bitcoins. The developer claimed in a tweet on January 1 that the suspected hackers had acquired access to his PGP (Pretty Good Privacy) key, a popular security technique that employs two keys to access encrypted data. The wallet address in question currently shows four transactions between 2:08 and 2:16 UTC on December 31 totaling 216.93 BTC, or $3.6 million at the time of writing.

However, despite the current narrow range of price movement as BTC price remains flat above $16K. If the price moves over the moving average lines or the barrier at $17,000, the pair may accelerate and soar to the overhead resistance at $18,388. On this level, the bulls and bears may once more clash violently.

For the previous few days, the BTC price has been fluctuating between $16,300 and $16,800. The tight consolidation shows that both buyers and sellers are unsure of their positions. It is therefore important to implement the Dash 2 Trade. To increase your trading and speculative profitability, you can use Dash 2 Trade to get the analytics, automatic trading, and useful tips you need. Time is running out while the D2T token pre-sale is still active. The presale dashboard will be unveiled soon because product development is proceeding faster than expected. Up until now, around $12.5 million has been collected.

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