{"id":532729,"date":"2022-12-30T20:12:00","date_gmt":"2022-12-30T17:12:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/btc-price-lurches-toward-16k-as-stocks-dollar-wobble-in-final-session\/"},"modified":"2022-12-30T20:12:00","modified_gmt":"2022-12-30T17:12:00","slug":"btc-price-lurches-toward-16k-as-stocks-dollar-wobble-in-final-session","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/btc-price-lurches-toward-16k-as-stocks-dollar-wobble-in-final-session\/","title":{"rendered":"# BTC price lurches toward $16K as stocks, dollar wobble in final session"},"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-6a4f044570c0e\" 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-6a4f044570c0e\" 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\/btc-price-lurches-toward-16k-as-stocks-dollar-wobble-in-final-session\/#%E2%80%9D_BTC_price_lurches_toward_16K_as_stocks_dollar_wobble_in_final_session_%E2%80%9C\" >&#8221; BTC price lurches toward $16K as stocks, dollar wobble in final session &#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\/btc-price-lurches-toward-16k-as-stocks-dollar-wobble-in-final-session\/#Will_new_year_deliver_%E2%80%9Clong-awaited_volatility%E2%80%9D\" >Will new year deliver &#8220;long-awaited volatility?&#8221;<\/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\/btc-price-lurches-toward-16k-as-stocks-dollar-wobble-in-final-session\/#Risk_assets_could_see_%E2%80%9Csome_reprieve%E2%80%9D\" >Risk assets could see &#8220;some reprieve&#8221;<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_BTC_price_lurches_toward_16K_as_stocks_dollar_wobble_in_final_session_%E2%80%9C\"><\/span>&#8221; BTC price lurches toward $16K as stocks, dollar wobble in final session &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-6ed77c39>Bitcoin (BTC) teased more volatility at the Dec. 30 Wall Street open with BTC\/USD heading ever closer to $16,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/1099132b-f25e-423f-86aa-b6d60d6f8a00.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Will_new_year_deliver_%E2%80%9Clong-awaited_volatility%E2%80%9D\"><\/span>Will new year deliver &#8220;long-awaited volatility?&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> showed BTC\/USD wicking down to lows of $16,337 on Bitstamp.<\/p>\n<p>The pair had been gradually upping the volatility in the days after Christmas, as analysts eyed the likelihood of a final burst of action before the yearly close.<\/p>\n<p>\u201cLast trading day of the year for TradFi, but crypto will trade through the holiday weekend. Perhaps we may see some of that long awaited BTC volatility around the Weekly\/Monthly close and the start of 2023,\u201d on-chain analysis resource Material Indicators <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1608858182021165056\">ventured<\/a>.<\/p>\n<p>Popular trader and analyst Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1608798411079446532\">noted<\/a>\u00a0that \u201chistorically, a strong indicator of where the $BTC bottom is is when the bearish BTC Candle 2 performs its Yearly Close.&#8221;<\/p>\n<p>Rekt Capital was discussing Bitcoin\u2019s four-year halving cycles, with the year after the halving traditionally one of overall losses.<\/p>\n<p>The worst could be in by the end of the week, he thus argued, \u201cand whatever downside wicking occurs in the following Candle 3 is just a bonus for bargain buyers.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/38721446-bf22-4982-9146-88814c31a2da.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Rekt Capital\/ <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<p>On lower timeframes, the picture remained unclear, with BTC\/USD stuck in a narrow range still $1,000 above its multi-year lows from Q4.<\/p>\n<p>Order book data from Binance uploaded by Material Indicators showed a lack of tangible support between spot price and $16,000, with resistance stacked at $17,000 and higher.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/9ede623a-4e9f-4e0b-b4ee-26b97e75f01a.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD order book data (Binance). Source: Material Indicators\/ Twitter<\/em><\/figcaption><\/figure>\n<p>As Cointelegraph reported, predictions for Q1, 2023 range from a recovery above $20,000 to a fresh shock for bulls in the form of a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> below $10,000.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risk_assets_could_see_%E2%80%9Csome_reprieve%E2%80%9D\"><\/span>Risk assets could see &#8220;some reprieve&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On macro, United States equities opened to modest losses, the S&amp;P 500 and Nasdaq Composite Index both down nearly 1% at the time of writing.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin &#8216;not undervalued yet&#8217; says research as BTC price drifts nearer $16K<\/em><\/strong><\/p>\n<p>The U.S. dollar also looked unable to book fresh gains in time for the end of the year, with the U.S. dollar index (DXY) continuing a downtrend to circling six-month lows.<\/p>\n<p>\u201cKeep an eye on the U.S. Dollar Index DXY here! A breakdown could increase momentum for bullish market dynamics,\u201d a hopeful Caleb Franzen, founder of Cubic Analytics, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CalebFranzen\/status\/1608504601237405696\">told<\/a> Twitter followers on Dec. 29. <\/p>\n<blockquote><p>\u201cThe Fed is still tightening, with balance sheet reductions likely to become a significant factor in 2023. Still, risk assets might have some reprieve soon.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-12\/c77b3e3c-a46f-4ef9-9e85-3759c82bd950.png\"><figcaption style=\"text-align: center;\"><em>U.S. dollar index (DXY) 1-day candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\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. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/btc-price-lurches-toward-16k-as-stocks-dollar-wobble-in-final-session\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; BTC price lurches toward $16K as stocks, dollar wobble in final session &#8220; Bitcoin (BTC) teased more volatility at the Dec. 30 Wall Street open with BTC\/USD heading ever closer to $16,000. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Will new year deliver &#8220;long-awaited volatility?&#8221; Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD&#8230;<\/p>\n","protected":false},"author":1,"featured_media":532730,"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\/ca54b88f-344c-4a08-91d1-6d6162bdf783.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,70359],"class_list":["post-532729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532729","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=532729"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/532729\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/532730"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=532729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=532729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=532729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}