{"id":9498,"date":"2022-12-31T17:53:32","date_gmt":"2022-12-31T17:53:32","guid":{"rendered":"https:\/\/cryptoheretostay.com\/?p=9498"},"modified":"2022-12-31T17:53:32","modified_gmt":"2022-12-31T17:53:32","slug":"bitcoin-stays-put-with-yearly-close-set-to-seal-60-ytd-btc-price-loss","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=9498","title":{"rendered":"Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) kept traders guessing to the last minute into the 2022 yearly close as volatility remained absent from the market.<\/p>\n<p><em>BTC\/USD 1-day candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>BTC price: Where&#8217;s the volatility?<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD clinging to a familiar area around $16,500.<\/p>\n<p>The pair continued to disappoint players on both sides of the trade after a sideways Christmas, ignoring the potential significance of the simultaneous weekly, monthly, quarterly and yearly candle close.<\/p>\n<p>\u201cTechnical resistance and overhead liquidity suggests sub $17k local top, but anything goes in the Wild Wild West,\u201d on-chain analytics resource Material Indicators wrote in part of commentary on the Binance BTC\/USD order book.<\/p>\n<p>An accompanying chart nonetheless showed a lack of significant support above $16,000, with resistance overhead at $17,000.<\/p>\n<p><em>BTC\/USD order book data (Binance). Source: Material Indicators\/ Twitter<\/em><\/p>\n<p>Looking slightly beyond the close, Arthur Hayes, former CEO of exchange BitMEX, hoped that Bitcoin would not fall under its post-FTX floor around $15,500.<\/p>\n<p>\u201cIf $BTC can hold FTX lows that\u2019s positive. Let\u2019s see what the new year brings,\u201d part of comments stated as part of a warning over U.S. dollar liquidity.<\/p>\n<p>More categorical when it came to bearish forecasts was popular trader Cypto Tony, who doubled down on his existing theory that further downside would precede Bitcoin\u2019s recovery.<\/p>\n<p>\u201cThis remains my macro outlook on Bitcoin where we see another pullback lower before accumulation prior to the next bull run,\u201d he told Twitter followers.<\/p>\n<p><em>BTC\/USD annotated chart. Source: Crypto Tony\/ Twitter<\/em><\/p>\n<h2>Bitcoin dominance due a January boost<\/h2>\n<p>One small dose of good news for BTC bulls meanwhile came from Toni Ghinea, who on Dec. 30 eyed an increasing crypto market cap dominance trend.<\/p>\n<p><strong><em>Related:\u00a0&#8216;Crypto winter&#8217; won&#8217;t end in 2023 \u2014 Bitcoin advocate David Marcus<\/em><\/strong><\/p>\n<p>Despite also calling for fresh downside to afflict Bitcoin price action, Ghinea now said that it would be altcoins bearing the brunt of the anguish.<\/p>\n<p>&#8220;BTC Dominance will push up in the next weeks. More pain for alts. is coming,&#8221; he tweeted on Dec. 30.<\/p>\n<p><em>Bitcoin market cap dominance annotated chart. Source: Toni Ghinea\/ Twitter<\/em><\/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><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-stays-put-with-yearly-close-set-to-seal-60-ytd-btc-price-loss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) kept traders guessing to the last minute into the 2022 yearly close as volatility remained absent from the market. BTC\/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price: Where&#8217;s the volatility? Data from Cointelegraph Markets Pro and TradingView showed BTC\/USD clinging to a familiar area around $16,500. The pair continued to disappoint players [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-9498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9498"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9498\/revisions"}],"predecessor-version":[{"id":9500,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/9498\/revisions\/9500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/9499"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}