View source for What Lies Ahead For BTC Price In 2023

Bitcoin’s price has formed a strong support near $22K and has been able to surge above many obstacles near the $23K resistance level. However, it seems that the BTC price may face a rejection near $25K and begin a short-term downward correction as it drops near 23.6% Fib retracement. <br>As of writing, BTC price trades at $24.5K, with a gain of over 8% in the last 24 hours. Analyzing the daily price chart, Bitcoin may begin a downward correction to its 61.8% Fib level as it faces a minor rejection near $25K. If the BTC price fails to clear $25K within the next two days,  is mining crypto worth it reddit it may trigger sellers to open short positions and force BTC to drop by 1.5%. <br>If Bitcoin falls below EMA-20 at $22.6K, it may again head toward the bottom of $21.5K. However, Bitcoin may invalidate its bearish analysis if it opens a weekly candle above $25K,  bitcoin mining calculator from which the next resistance will be at $30K. <br><br>Now there are some news about this crazy markets.<br><br>Reddit Co-Founder's Ethereum Investment Booms:<br>1)Alexis Ohanian,  bitcoin mining latest news co-founder of Reddit and husband of Serena Williams, invested $15,000 in Ethereum during its pre-seed phase in 2014.<br>2)Ohanian's Ether investment has grown by over 5,000%, with the cryptocurrency trading at around $1,638.<br>3)Ohanian believes non-fungible tokens (NFTs) are undervalued and advocates for decentralized financial ecosystems due to his family's history of wealth seizure during the Armenian genocide.<br>4)Ohanian recognizes he should have invested more in blockchain technology when he had the chance in 2014.<br>5)Polygon and Ohanian's Seven Seven Six announced a $200 million initiative to back projects at the intersection of social media and Web3 in late 2021, tapping into the Ethereum network and its scaling solutions.<br><br>Hong Kong Legalizes Retail Crypto Trading; China Endorses Crypto Hub Ambitions:<br>1)Hong Kong's SFC has proposed a policy allowing retail investors to buy large-cap cryptocurrencies from licensed virtual-asset platforms starting June 1, 2023.<br>2)The new regime aims to provide regulatory oversight and investor protections for cryptocurrency investment activities.<br>3)Platforms will need to conduct knowledge assessments on investors and set exposure limits based on their financial situations.<br>4)The SFC emphasized the need for effective regulation and highlighted the exposure risks arising from the increasing interconnectedness between the virtual-asset market and traditional financial system.<br>5)China has endorsed Hong Kong's push to become a crypto hub, with officials from China's Liaison Office attending crypto gatherings and making follow-up calls to certain projects in the city<br><br>Another,Tim Draper still positive on $250K what is bitcoin mining price prediction in 2023..lol