3 reasons why Bitcoin is likely heading below $16,000

3 reasons why Bitcoin is likely heading below $16,000

Market Analysis
December 31, 2022 by secret
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[ad_1] December will likely be remembered by Bitcoin’s (BTC) fake breakout above $18,000, but apart from that brief overshoot, its trajectory was entirely bearish. In fact, the downward trend that currently offers an $18,850 resistance could bring the BTC price below $16,000 by mid-January. Bitcoin/USD price index, 12-hour chart. Source: TradingView A handful of reasons