On December 25, most investors are out enjoying the Christmas holiday, and the market eventually becomes depleted, keeping Bitcoin price prediction neutral. BTC fluctuated between $16,500 and $17,000 on Sunday, as it has done since November.
To keep the crypto market humming, BTC must remain above $16,800. If the price of Bitcoin falls below $16,500, the bearish sentiment may return to the market.
Jim Cramer Encourages SEC to Do a Big Crypto Sweep
More bitcoin cautions have been given by Jim Cramer, head of CNBC’s Mad Money show. Formerly a manager at a hedge fund, Cramer now runs a financial education and news website called Thestreet.com with two other people.
During his appearance on CNBC on Friday, he made the following statement:
I would not touch crypto in a million years because I wouldn’t trust the deposit bank.
A follow-up question sought to ascertain whether he is, in fact, differentiating between centralized and decentralized platforms.
As the author puts it: “They fought against regulation. Cramer responded, “You don’t have regulation and they didn’t want regulation, so I wouldn’t put any faith in a platform that doesn’t want regulation.”
Cramer also discussed Gary Gensler’s statement as SEC chairman that the current securities rules are sufficient for the regulation of the cryptocurrency business. In his words, the SEC should “come on and enforce” crypto businesses.
The crypto regulation will attract an increasing number of investors who currently need more regulations to invest in the industry.
Bitcoin Price Prediction – Can BTC Make New Highs in 2023?
The current Bitcoin price is $16,835, and the 24-hour trading volume is $9 billion. Bitcoin has fallen by less than 0.10% in the previous 24 hours. CoinMarketCap now ranks first, with a live market cap of $323 billion.
Bitcoin’s price has risen but has failed to cross above $17,000. As the candles in this scenario are closing under the $17,000 level, selling pressure on BTC remains steady. If Bitcoin’s price breaks through $17,000, it might climb $17,350 before hitting the next barrier at about $18,000.
A bearish break of the $16,600 support level may allow for additional selling until $16,250 or $16,100 are achieved; a bearish breach of this level may expose BTC to $15,650.
Bitcoin has significant upside potential in 2023, and we may see BTC reach new highs in the coming years.
Since Bitcoin isn’t moving much, there aren’t many coins on presale that are making news.
FightOut (FGHT) – Presale Now On
FightOut is an innovative workout app and physical gym chain that aims to disrupt the move-to-earn (M2E) industry. Concerns will be addressed by programs such as STEPN, which merely counts steps and has been chastised for using expensive NFTs, as well as a reward system that should use more NFTs to provide people with more incentive to move.
The team is particularly pioneering “move to earn,” in which a user’s exercises are recorded and tracked in real-time, and the user is eligible for FGHT token awards. So far, the presale has been a huge success, generating a lot of interest from the local community.
Dash 2 Trade (D2T)
Dash 2 Trade is a new initiative that gathers all of the most relevant and useful trading tools to assist traders in trading more effectively. So far, the presale has gone well, with the team raising about $10.5 million.
The presale is nearly complete, and the first central exchange listing is set for January 11th. Changelly, LBank, and BitMart have already agreed to work with the team on exchange listings.
C+Charge (CCHG)
CCHG is currently developing a blockchain-based peer-to-peer (P2P) payment system for electric vehicle charging stations, which will allow EV drivers to earn carbon credits. C+Charge proposes expanding the use of carbon credits as the primary motivator for EV adoption.
Presale of the CCHG token, which will be used to pay for EV charging stations on C+Charge’s network, has begun. Tokens are currently being sold for $0.013, but by the end of the presale, this will have increased by 80%.
IMPT
The value of the IMPT token has increased by more than 75% in the last seven days. The token’s value has increased as a result of recent breakthroughs with the IMPT program. Furthermore, the project’s carbon trading mechanism is expected to go live in February 2023, causing a surge in demand.
On December 28, the IMPT coin will be listed on the Bitmart exchange, and on January 1, it will be listed on Gate.io.
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