The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceA revisit to the month-long range lows could present traders with an opportunityhas slowly increased throughout 2022. This meant that over the year, the stablecoin occupied more and more of the entire crypto sphere’s market capitalization. This metric’s gains since June highlighted how investors fled from holding crypto to staying in fiat.
could see the entire industry bleed for years. December saw Bitcoin precariously perched atop $17k, but it could be time for another move downward.Source: BTC/USDT on TradingView From a technical standpoint, BTC has a bullish market structure. It has risen above the previous lower high at $16.6k, and retested the same as support. Yet, that does not indicate buyers can be interested.
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