Is $19K Still Possible Or BTC To Fall Below $15K?

<br><div> <p> <iframe loading="lazy" src="https://news.google.com/__i/rss/rd/articles/about:blank" width="320" height="100" marginwidth="0" marginheight="0" hspace="0" vspace="0" frameborder="0" scrolling="no" data-rocket-lazyload="fitvidscompatible" data-lazy-src="https://servedbyadbutler.com/adserve/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER"> </iframe><noscript><iframe src="https://servedbyadbutler.com/adserve/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER" width="320" height="100" marginwidth="0" marginheight="0" hspace="0" vspace="0" frameborder="0" scrolling="no"> </iframe></noscript> </p> <p>Within the final 24 hours, Bitcoin (BTC) worth breaks beneath $17K and fell to its essential assist stage of $16.5K. The chain of occasions within the final two days prompted the <a target="_blank" href="https://coingape.com/crypto-market-tanks-6-bitcoin-slips-under-17000/" rel="noopener">crypto market to crash massively</a>. It began with the U.S. Federal Reserve’s hawkish outlook, tuning sentiment again to destructive.</p> <p>Binance’s auditor <a target="_blank" href="https://coingape.com/breaking-binance-auditor-mazars-suspends-services-for-crypto-firms/" rel="noopener">Mazars on Friday suspended services</a> together with proof of reserves (PoR) for crypto exchanges. It prompted large promoting within the crypto market as a result of current Binance <a target="_blank" href="https://coingape.com/glossary/fud/" rel="noopener">FUD</a>. BTC worth fell over 4% to hit a low of $17K. Thereafter, a market-wide selloff was seen in <a target="_blank" href="https://coingape.com/why-grayscale-may-be-next-after-ftx-crash/" rel="noopener">cryptocurrencies related to Barry Silbert’s DCG</a>. Crypto influencers consider Genesis and Grayscale may face insolvency.</p>

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<a target="_blank" href="https://servedbyadbutler.com/go2/;ID=180936;size=728x90;setID=591992" rel="noopener"><img width="728" height="90" src="https://servedbyadbutler.com/adserve/;ID=180936;size=728x90;setID=591992;type=img;click=CLICK_MACRO_PLACEHOLDER"/><noscript><img src="https://servedbyadbutler.com/adserve/;ID=180936;size=728x90;setID=591992;type=img;click=CLICK_MACRO_PLACEHOLDER" width="728" height="90"/></noscript></a> </div> </div> <h2>Can Bitcoin (BTC) Worth Hit $19K?</h2> <p>Crypto analyst CredibleCrypto in a <a target="_blank" rel="nofollow noopener" href="https://twitter.com/CredibleCrypto/status/1603926778870779904">tweet</a> on December 17 shared two eventualities for Bitcoin (BTC) worth because it tagged the $16.5K assist stage once more. He stays bullish on Bitcoin worth rising over $19K within the quick time period.</p> <figure id="attachment_132000" aria-describedby="caption-attachment-132000" style="width: 735px" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-132000" alt="Bitcoin Price Prediction" width="735" height="360" src="https://cdn.coingape.com/wp-content/uploads/2022/12/17150235/Bitcoin-Price-Prediction.-Source-CredibleCrypto.jpg"/><noscript><img decoding="async" class=" wp-image-132000" src="https://cdn.coingape.com/wp-content/uploads/2022/12/17150235/Bitcoin-Price-Prediction.-Source-CredibleCrypto.jpg" alt="Bitcoin Price Prediction" width="735" height="360"/></noscript><figcaption id="caption-attachment-132000" class="wp-caption-text">Bitcoin Worth Prediction. Supply: CredibleCrypto</figcaption></figure> <p>Bitcoin worth should maintain the $16.5K stage to rebound from the extent. He predicts the BTC worth will contact $17.3K first and may break the $18K resistance to rally in direction of $19K.</p> <p>Nonetheless, if the BTC worth breaks beneath $16.5K assist, it will probably solely go to $15.6K. A low of $15K is troublesome except one thing main occurs within the crypto trade. At present, the BTC worth is buying and selling at $16,728. The 24-hour high and low are $16,584 and $17,289, respectively.</p> <p>Bitcoin holding the assist stage may also affect Ethereum worth to bounce from the $1,070 stage. He predicts ETH worth to get better above $1,300 within the quick time period. The ETH worth is at the moment buying and selling at $1,178. The 24-hour high and low are $1,162 and $1,255, respectively.</p> <p><strong>Additionally Learn: <a target="_blank" href="https://coingape.com/ethereum-eth-price-records-the-largest-liquidation-december/" rel="noopener">Ethereum (ETH) Price Records December’s Largest Liquidation</a></strong></p>

<p>In the meantime, Binance FUD pushes again merchants as on-chain information by <a target="_blank" href="https://coingape.com/binance-news-glassnode-data-reveals-under-reporting-of-por-assets/" rel="noopener">Glassnode reported under-reporting of Bitcoin</a> in Binance’s self-reported <a target="_blank" href="https://coingape.com/how-proof-of-reserve-works/" rel="noopener">proof of reserves</a>. Binance’s native crypto BNB has tanked nearly 18% in every week. The BNB worth is at the moment buying and selling at $235, down 6% within the final 24 hours.</p>

<p> Varinder is a Technical Author and Editor, Know-how Fanatic, and Analytical Thinker. Fascinated by Disruptive Applied sciences, he has shared his data about Blockchain, Cryptocurrencies, Synthetic Intelligence, and the Web of Issues. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment overlaying all the most recent updates and developments within the crypto trade. </p> </div> <div class="author_Image"> <img alt="" srcset="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&d=mm&r=g 2x" class="avatar avatar-200 photo" height="200" width="200" decoding="async" src="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&d=mm&r=g"/><noscript><img alt="" src="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&d=mm&r=g" srcset="https://secure.gravatar.com/avatar/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&d=mm&r=g 2x" class="avatar avatar-200 photo" height="200" width="200" decoding="async"/></noscript> </div> </div> </div> <div class="TabDesCm tabcS" id="TabD131967"> <p> The introduced content material could embody the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn't maintain any duty in your private monetary loss.</p></div> </div> </div>

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