bitcoin price forecast

The Bitcoin price forecast was later turned down Breaking the $16,660 level on January 3. Candles closing below $16,660 have the potential to drive BTC’s downtrend.

One of the oldest contributors to the Bitcoin Core team is Luke Dashrj He reported losing over 200 BTC (about $3.34 million) after the wallet keys were stolen last weekend. The developer tweeted about the incident on Monday, January 1, adding:

“My PGP key was hacked and some of my bitcoins were stolen. I don’t know how. Help me.”

PGP, short for “Pretty Good Privacy”, is a popular and secure encryption tool. To prevent unauthorized access to sensitive information stored on the server, it can encrypt that information. Before Dashrj lost his keys, he used PGP to check if the malware had accessed Bitcoin Knots and Bitcoin Core downloads.

Bitcoin Core is the most widely used software for connecting and managing a node in the Bitcoin network. Bitcoin Knots, on the other hand, has more advanced features than Bitcoin Core, but is less tested, making it more vulnerable to attacks.

The developer eventually found the address of the stolen bitcoins, but has not received any help so far. In the past, he has complained that the FBI and local authorities have ignored his requests for help. Hours later, he wrote: “Never mind. Simply put, almost forgotten.”

Six months later, bitcoin’s market share rose to 40%

In July 2022, the market share of bitcoin was 40.16%. and last time it exceeded 40%. Since October 2020, BTC has dominated the market as shown by the orange line in the previous chart.

From 2021 BTC had already gained more than 70% advantage. In January 2022, however, this number dropped to just over 40% and continued to decline throughout the first half of the year.

There was a brief period at the end of June when BTC dominance reached 48%, but otherwise it remained consistently below 40%.

bitcoin price

Current price of Bitcoin $16,658 with a trading volume of $14 billion in the last 24 hours. On a technical level, bitcoin is facing significant resistance at $16,660, and a positive break from this level could influence future market trends.

The immediate barrier for BTC is $16,750, and a move above this level could take the token to $16,950.

Bitcoin price chart – Source: Tradingview

RSI and MACD indicators have entered the buying zone, indicating the possibility of a pullback. but the 50-day moving average acts as a significant barrier.

Therefore, Failure to break above the 50-day simple moving average (SMA) could lead to a sell-off near $16,500.. Therefore, BTC may find immediate support in the $16,350-$16,100 range.

Profitable cryptocurrencies to watch

Investors are looking for safer, higher yielding alternatives because of the market’s fear of losing. Early investors get the market’s most important pre-sale exposures.

Fight Out (FGHT)

Platform Fight Out (FGHT) works as a personal trainer, except that the FGHT token is actively assigned to the training time. All activities are recorded and can be used to improve metaverse avatar statistics.

Earning FGHT tokens encourages users to lead a healthy lifestyle and exercise while enjoying the benefits of blockchain technology.

FightOut thrived and attracted investors despite the general lack of liquidity in the bitcoin market. It has already raised over $2.59 million through its token sale. starting last week. The current selling price is 60.06 FGHT per 1 USD (FGHT can be purchased with ETH or USDT) and will increase as the sale progresses.

Dash 2 Trade (D2T)

Dash 2 Trade will be an Ethereum based platform It will provide real-time analytics and social commerce data when it launches in early 2023. Trading signals, chain analytics, strategy building tools and news feeds will be among the first features to help new and experienced traders track bitcoin market volatility.

Only two days left Ahead of the sale, Dash 2 Trade, one of the most important ICOs of 2022, has released a beta version of its dashboard. D2T has raised approximately $12.8 million in venture capital to date. D2T is the system’s entry coin and is now worth $0.0533 in the presale after previously selling to investors at $0.0476.

C+Charge (CCHG)

C+Charge (CCHG) a Binance blockchain-based peer-to-peer payment system for electric vehicle (EV) charging stations). Launching in the second quarter of next year, it aims to expand customers’ access to carbon credits by rewarding people who charge their electric cars at their terminals.

To demonstrate its scalability, the platform has already agreed to add 20% of Turkey’s EV chargers to its network. 1 CCHG costs $0.013 and can be bought with BNB or USDT. So far, the initiative has raised more than $62,000 in pre-sale funds.