Bitcoin price predictions remain largely unchanged today during the European session, with BTC continuing to trade above the key support level of $16,550. We are waiting for an important on-chain signal before entering a meaningful bull market.
On December 17th, the Puell Multiple developer tweeted that he believed the current BTC price drop was coming to an end. However, while not everyone is pessimistic about Bitcoin’s future, many are predicting a new BTC/USD low for this cycle where he is below $12,000.
According to Puell, two significant on-chain occurrences are already there and will be crucial for BTC price to recover.
Even though Bitcoin has fallen about 70% from its all-time high, many long-term holders (LTH) are still holding onto the coin. Short-term “speculators” have also been hit hard by the current price drop.
Puell thinks the only thing missing is driving network activity across the board.
Mazars Group Stops Trading With All Crypto Firms
Accounting firm Mazars Group has temporarily suspended its services to cryptocurrency customers. Binance, KuCoin and Crypto.com decided to cut ties shortly after the international accounting firm issued a “proof of reserves” report for a number of cryptocurrency exchanges.
The move comes as the major cryptocurrency exchange seeks to establish financial stability and prove it can meet withdrawal requests without going bankrupt.
The respective CEOs of Binance and Crypto.com have announced that they will separate the two companies from FTX, which has been accused of misusing consumer funds and filing for bankruptcy years ago. I have tried to distinguish.
Company founder Sam Bankman-Fried has been indicted on numerous fraud and money laundering charges. Concerns about the accuracy of the Trump Organization’s financial records prompted Mathers to cut ties with the company in February.
In a statement to CNBC, Mazars Group “has suspended work related to issuing a reserve report for companies in the cryptocurrency sector” due to “concerns about how the public understands these reports.” said.
This will add bearish pressure to the cryptocurrency market and keep BTC bearish.
Bitcoin price prediction
Bitcoin’s current price is $16,730 with a 24-hour trading volume of $22 billion. Bitcoin’s price has fallen about 1.5% since yesterday.
On Saturday, we expect the BTC/USD pair to find immediate support near $16,560. With the RSI and MACD indicators in the oversold zone, BTC price could surge to the 23.6% Fibonacci retracement level of $17,000.
Further up, the BTC/USD pair is likely to encounter new resistance at $17,250, which is extended by the 38.2% Fibonacci retracement point and the 50-day simple moving average.
On the other hand, a break below $16,570 could see BTC at $16,150.
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FightOut (FGHT) – Presale Begins
FightOut, an all-new Move-to-Earn (M2E) fitness app and gym chain aiming to bring the fitness lifestyle to web3, has launched a pre-sale. Investors believe the project has the ability to transform the existing web3 M2E landscape. .
Whereas existing M2E apps such as StepN only track steps and require a buy-in of expensive non-fungible tokens (NFTs) to participate, FightOut aims to track and reward users’ exercise and activity. It takes a more holistic approach and doesn’t require expensive purchases. -ins.
FightOut’s FGHT token is currently priced at 60.06 USDT per USDT, and interested investors should act quickly to secure the token. FGHT tokens power the FightOut crypto ecosystem.
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Dash 2 Trade (D2T) – Presale Enters Final Stage
Dash 2 Trade is a promising cryptocurrency trading platform startup for anyone looking to invest. An emerging analytics and social trading platform that aims to take the cryptocurrency trading sector by storm with its unique features.
Features include trading signals, social sentiment and on-chain indicators, pre-sale token scoring system, token list alert system, strategy backtesting tools, and more. D2T tokens activate the Dash 2 Trade ecosystem that users need to buy and hold to enjoy the platform’s services.
Dash 2 Trade is currently holding a token pre-sale with a significant price drop, with recent sales exceeding $10 million. The presale dashboard went live on Friday and the development team is already ahead of schedule. Tokens are currently available for purchase at $0.0533 per token and will be listed on a number of centralized exchanges over the next month.
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Calvaria (RIA) – Final Presale Stage
RIA, New Play-to-Win Battle Card Crypto Game, Possibly Possibility. to strengthen acceptance. Investors can consider pre-selling his RIA tokens on his Calvaria.
Calvaria has now received $2.47 million and is nearing the end of its fundraising campaign, leaving only 20% of its tokens.
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