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Bitcoin Begins 2023 With Positive Vibes

By Naeem AslamCryptocurrencyJan 03, 2023 02:04AM ET

www.investing.com/analysis/bitcoin-begins-2023-with-positive-vibes-200633962

Bitcoin Begins 2023 With Positive Vibes

By Naeem Aslam | Jan 03, 2023 02:04AM ET

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BTC/USD

+1.59%

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Bitcoin has started the year on a positive note and the price is trading in green. One of the biggest questions for traders and investors going into 2023 for Bitcoin is the future price prediction. There are many in the market who believe that the bear cycle isn't fully complete yet, and the price could shift further to 10K. However, one thing is for certain, and that is there is more pessimism that is baked into the price action now than ever before, and that means that there is a limited downside for the BTC price.

It is likely that we may see the price action moving higher. Traders believe that in 2023 Bitcoin price will easily retest the 50K price level, if not it's an all-time high, as few bears are left now.

The support and resistance zones are shown on the chart below

BTC/USD Daily Chart

BTC/USD Daily Chart

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Comments (7)

Tedi Kasa Jan 12, 2023 10:00AM ET

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how is going work also what kind of did it

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Jong Derrick Jan 10, 2023 5:43AM ET

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Hi to everyone who is seen this comment help me with the trading

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Troy Elliott Jan 06, 2023 11:07AM ET

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All mivements are based off of BTC whales buying or selling assets.They manipulate the price by driving it up by massive buys, then when the price has spiked, they sell thise assets for profiteering. Then wait for the price to drop significantly, then buy it all plus more back again. Repeat and profiting becaue $100,000,000 used each time to buy and sell. This nets minor profit. The mass profiting comes from option plays done just before they buy or sell and that is where massive profits are being made. This should be made illegal but happens every day huge swings are found, BTC whales rule their day of Bitcoin manipulation to profit from their own actions making buys of BTC or selling it.

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Charles Ponzi Jan 05, 2023 3:48PM ET

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Yeah, bullish, moon even

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Jimmy Tsang Jan 03, 2023 11:38AM ET

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Bitcoin will get dragged down to 12000 level because many other cryptos will be disappeared in 2023, until all the bad ones are gone, bitcoin is going nowhere

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Taweesak Klinkong Jan 03, 2023 11:38AM ET

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If most of the people believed in bitcoin and put their money on it, then bitcoin will be sky high. On the other hand, if not many don’t believe then bitcoin has no future.

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Chris Johnson Jan 03, 2023 7:09AM ET

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There are many more resistance and support zones than those two on the chart. Saying few bears left now, just after noting that many in the market could see BTC hit as low as 10k... Another simplified and useless article.

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sa ran Jan 03, 2023 3:26AM ET

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Yet another committed but at the same time noncommittal huckster article.

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