{"id":532667,"date":"2022-12-30T16:20:00","date_gmt":"2022-12-30T13:20:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action\/"},"modified":"2022-12-30T16:20:00","modified_gmt":"2022-12-30T13:20:00","slug":"8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action\/","title":{"rendered":"# $8K dive or $22K rebound? Bitcoin traders anticipate Q1 BTC price action"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a407ebfb4b11\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a407ebfb4b11\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action\/#%E2%80%9D_8K_dive_or_22K_rebound_Bitcoin_traders_anticipate_Q1_BTC_price_action_%E2%80%9C\" >&#8221; $8K dive or $22K rebound? Bitcoin traders anticipate Q1 BTC price action &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action\/#BTC_price_reeling_from_USD_strength\" >BTC price reeling from USD strength<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action\/#Crypto_Tony_Short_with_daily_range_low_target\" >Crypto Tony: Short with daily range low target<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action\/#Cred_Reclaim_19000_zone_to_change_trend\" >Cred: Reclaim $19,000 zone to change trend<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/8k-dive-or-22k-rebound-bitcoin-traders-anticipate-q1-btc-price-action\/#Kaleo_Strong_attraction_to_22000_in_Q1\" >Kaleo: Strong attraction to $22,000 in Q1<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_8K_dive_or_22K_rebound_Bitcoin_traders_anticipate_Q1_BTC_price_action_%E2%80%9C\"><\/span>&#8221; $8K dive or $22K rebound? Bitcoin traders anticipate Q1 BTC price action &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-02fa634a>Bitcoin (BTC) is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaching the end of 2022 at levels not seen in over two years \u2014 what do traders think will happen next?<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTC_price_reeling_from_USD_strength\"><\/span>BTC price reeling from USD strength<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Currently down 15% in Q4 and over 60% year-to-date, BTC\/USD has few bullish allies as 2023 looms.<\/p>\n<p>Struggling to recover from the ongoing FTX scandal and associated fallout, the largest cryptocurrency giving back all the gains seen since late 2020 is indicative of the crypto market as a whole.<\/p>\n<p>Risk assets are in a precious position themselves, as Cointelegraph reported, while eyes are also on the strength of the U.S. dollar going into the new year.<\/p>\n<p>Cointelegraph takes a look at the diverging opinions among some popular traders when it comes to what BTC price action could do in Q1, 2023.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Crypto_Tony_Short_with_daily_range_low_target\"><\/span>Crypto Tony: Short with daily range low target<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One market participant taking no chances on the last day of trading on Wall Street is Crypto Tony. <\/p>\n<p>Having warned that a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> to as low as $8,000 could be imminent for Bitcoin, on Dec. 30, a fresh chart <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoTony__\/status\/1608726488958001152\/photo\/1\">showed<\/a> just how weak price action currently is.<\/p>\n<p>On daily timeframes, BTC\/USD is back below the equilibrium price (EQ) of a range in place since FTX began, this no longer holding as support.<\/p>\n<p>A failed breakout at the range high means that the most likely target is now the range low at closer to $15,500.<\/p>\n<p>\u201cI remain short and am looking for the push down into the range low as highlighted,\u201d Crypto Tony wrote in accompanying comments.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/49073518-812a-4438-b604-7c071d686777.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Crypto Tony\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Cred_Reclaim_19000_zone_to_change_trend\"><\/span>Cred: Reclaim $19,000 zone to change trend<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For fellow trader Cred, it is also all about the range when it comes to how Bitcoin might behave in future.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoCred\/status\/1608515437016539136\">video update<\/a> on Dec. 29, Cred identified monthly and weekly support at $14,000 and $12,000, respectively.<\/p>\n<p>\u201cWith that said, if we\u2019re not at these levels, what can we look for? If you don\u2019t want to get to support, you could always show me a failed breakdown from support as a bullish argument,\u201d he said.<\/p>\n<p>An area around $18-19,000, broken through thanks to FTX in November, could thus still become a target to reclaim, leaving subsequent weeks\u2019 price action as such a \u201cfailed breakdown.\u201d<\/p>\n<p>On weekly timeframes, however, BTC\/USD is currently trading in an insignificant zone which is \u201cnot anywhere,\u201d Cred added.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/759ba50f-282f-46ce-9431-efafe73308e5.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart (screenshot). Source: Cred\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Kaleo_Strong_attraction_to_22000_in_Q1\"><\/span>Kaleo: Strong attraction to $22,000 in Q1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A more optimistic take on what could happen in Q1 as a whole comes from popular Twitter account Kaleo.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin price would surge past $600K if \u2018hardest asset\u2019 matches gold<\/em><\/strong><\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoKaleo\/status\/1608612373535031298\">prediction<\/a> released on Dec. 30, Kaleo showed a bottoming sequence underway on BTC\/USD, with next quarter supplying a clear upside price target.<\/p>\n<p>The area around $22,000, he suggested, would act like a magnet for price, based on swing highs for the 8-hour chart stretching back several months.<\/p>\n<p>By contrast, lower lows did not feature in the outlook.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/4406a106-66c3-4340-9623-b7a8423230bb.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Kaleo\/ Twitter<\/em><\/figcaption><\/figure>\n<p>\u201cThis is what you have to look forward to in early 2023,\u201d Kaleo commented.<\/p>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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Bitcoin traders anticipate Q1 BTC price action &#8220; Bitcoin (BTC) is approaching the end of 2022 at levels not seen in over two years \u2014 what do traders think will happen next? BTC price reeling from USD strength Currently down 15% in Q4 and over 60% year-to-date, BTC\/USD has&#8230;<\/p>\n","protected":false},"author":1,"featured_media":532668,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/2308cd0f-2f56-48f0-9558-19f5b4e64195.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,68637],"class_list":["post-532667","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=532667"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/532668"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=532667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=532667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=532667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}