NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Why The Bitcoin Price Could Kick Off 2023 On The Wrong Foot

Reynaldo Marquez
Reynaldo Marquez
2 years ago
2 mins read
Bitcoin price Ethereum Crypto Predictions 2023

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Bitcoin price has finally shown signs of life, albeit to the downside, a direction that might dominate the charts in 2023. During the holidays, the cryptocurrency was stuck on a single level, but the end of 2022 might see 

Related Reading

Uniswap

Uniswap Tops Other Big Crypto In Social Dominance Despite Price Drop

2 years ago

As of this writing, Bitcoin trades at $16,600 with a 1% loss in the last 24 hours. On higher timeframes, the cryptocurrency records similar losses. Across the crypto market, red is the predominant color as significant assets follow BTC into the downside. 

Bitcoin price BTC BTCUSDT
BTC’s price moving sideways on the daily chart. Source: BTCUSDT Tradingview

Bitcoin Price Bound For A Spike In Volatility

The decline in trading volume due to the holiday season has led the Bitcoin price to move sideways. This status quo is poised to change in early January when market participants return to active trading. 

However, the bulls might have issues pushing the price beyond local resistance at around $17,500 and $19,200, two levels that used to operate as critical support. Historically, the first month of the year is among the worst performers. 

Since 2013, the Bitcoin price has traded in the red for 60% of its monthly performance during January. According to a pseudonym analyst, this period has ended in adverse price action for the benchmark cryptocurrency. 

In addition to negative performance, the Bitcoin price often experiences sudden changes in its value. During this month, the cryptocurrency sees a spike in volatility which historically favors the selling side. The analyst said while sharing the chart below:

We can also see how the percentage change on average in January is quite major. Both up and down. Will January bring some volatility back into the market? (…). Keep in mind that this data is not a reliable indicator for future returns. Use in confluence.

Bitcoin price BTC BTCUSDT Chart 2
BTC price historical monthly performance since 2013. Source: DaanCrypto via Twitter

After The Storm, Will Bitcoin Bounce?

On a positive note, February is one of Bitcoin’s best-performing assets. Last year, the Bitcoin price ascended from a new all-time high of around $30,000 to $60,000. As seen in the chart above, February brought double-digit gains for BTC since 2021. 

Thus, while BTC might see a negative first month in 2023, February and March might become more favorable. This possible future performance coincides with some positive developments in the macroeconomic landscape, including a decrease in inflation and a short-term cap in interest rates hike from the U.S. Federal Reserve (Fed). 

However, these conditions could apply for a limited time. NewsBTC reported that the traditional market would determine much of what happens with the Bitcoin price and the crypto market. 

Related Reading

terra luna classic news LUNC

Terra Classic (LUNC) Crashes 11% After This Binance Change

2 years ago

If equities can rebound from their current levels and kick off 2023 on a high note, the benchmark crypto might follow. According to a report from Coinbase, BTC’s long-term bullish thesis remains strong: 

(…) the value proposition for bitcoin has only strengthened this year as sovereign currencies around the world have shown signs of stress and central banks continue to grapple with policy credibility.

Tweet123Share196ShareSend
Reynaldo Marquez
Reynaldo Marquez

Reynaldo Marquez

A literature major, Reynaldo Márquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide.
In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride.
He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times.
In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson’s ‘Neuromancer.’ The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau’s ‘Civil Disobedience.’
But that’s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term.
In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry.
Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Ethereum has finally broken through a key resistance level, trading above $1,900 after pushing past the long-standing $1,850 barrier. This...

Sebastian Villafuerte 6 hours ago
셀레스티아(TIA)·아이오넷(IO), 업비트 동시 상장하며 8일 오후 7시부터 거래 지원

셀레스티아(TIA)·아이오넷(IO), 업비트 동시 상장하며 8일 오후 7시부터 거래 지원

2025년 5월 8일 저녁 7시, 국내 최대 가상자산 거래소 업비트에 셀레스티아(TIA)와 아이오넷(IO)가 나란히 상장했다. 이미 빗썸과 코인원에 상장된 바 있는 두 코인은, 이...

Soyeon Lee 6 hours ago
Stripe Integrates Stablecoins and AI Technology – Will AI Agent Coins Like $MIND Benefit?

Stripe Integrates Stablecoins and AI Technology – Will AI Agent Coins Like $MIND Benefit?

Stripe, the global payment solution provider, has launched Stablecoin Financial Accounts. It’s a new feature that will allow users to...

NewsBTC 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

top-3-altcoins-to-buy-may-2025-breakthrough-projects

Áttörő projektek uralják a 3 legjobb altcoint, amit 2025 májusában érdemes megvenni

newsbtc 12 minutes ago
Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80

Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80

Sebastian Villafuerte 1 hour ago
Bitcoin

Bitcoin si avvicina ai 100.000 dollari: raggiungerà nuovi massimi storici?

Gaia Tommasi 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • As BTC rises 12% — SIX MINING users earn over $300,000 in...

    2 hours ago
  • How to Make $91.3K per Day Fast with Bitcoin Fast Start...

    4 hours ago
  • MEXC Lists USD1, Accelerating Global Stablecoin Innovation...

    5 hours ago
  • 2025 The Key to Passive Income from Cryptocurrency for XRP...

    5 hours ago
  • BingX Unveils ChainSpot: A CeDeFi Innovation for Simpler...

    6 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.