Bitcoin price and Ethereum prediction; Robert Kiyosaki buys more Bitcoins

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On January 2, Bitcoin is trading slightly higher, after bouncing off the $16,500 support level to hit $16,650. Alternatively, Ethereum is choppy, hovering in a narrow range of $1,180-$1,210, and a breakout of this level has the potential to determine future trends. Ethereum (ETH) has had a tough year, but its underlying value is higher than its current market price.

The global cryptocurrency market has sent mixed signals, with a market valuation below $800 billion at the start of the new year. The two most important currencies, Bitcoin and Ethereum, have made gains and continue to trade in the green.

Cardano and Polkadot both gained around 1.5%. Meanwhile, the price of XRP fell 3.3% on the day. Investors are looking for positive market news this year after the price of cryptocurrencies fluctuated significantly in 2022.

Bitcoin engineer claims to have lost over 200 Bitcoins in hack

Lead Bitcoin developer and founding member Luke Dashjr claims his PGP (Pretty Good Privacy) key has been compromised. As a result, almost all of his Bitcoins were confiscated. One of Bitcoin’s top developers, Luke Dashjr, claimed that a hack just before the New Year caused him to lose almost all of his Bitcoin.

In a January 1 tweet, the developer claimed that the suspected hackers gained access to its Pretty Good Privacy (PGP) key, a well-known security technique that uses two keys to access encrypted data.

He did not say how much of his BTC was stolen in total; instead, it revealed a wallet address where some of the stolen BTC was sent. This could be another negative event for the cryptocurrency industry as it raises new concerns about crypto assets.

More Bitcoin Buys by Robert Kiyosaki

On the positive side, Robert Kiyosaki, a well-known author, recently revealed that he has been buying more Bitcoin and explained why he did so, claiming that Securities and Exchange Commission (SEC) laws will destroy most other currencies.

Robert Kiyosaki, the author of Rich Dad Poor Dad, said his primary motivation for investing in Bitcoin is his belief that the SEC would “destroy” most other tokens with its laws. Kiyosaki revealed in a tweet on Dec. 30 that he invests in bitcoin and is excited that it’s being recognized as a commodity similar to gold, silver, and oil.

Kiyosaki said he was increasing his purchases of Bitcoin, and the SEC classifies bitcoin as a commodity while classifying the majority of other cryptocurrencies as securities.

Additionally, Kiyosaki issued a warning that the majority of them will be destroyed by SEC laws. As a result, this was seen as one of the most important factors that can impact the price of bitcoin.

bitcoin price

The current bitcoin price is $16,624 and the trading volume in the last 24 hours is $9.5 billion. On the technical side, Bitcoin faces significant resistance at $16,660, and a break-up of this level has the potential to determine future market trends. On the upside, BTC’s immediate resistance remains at $16,750, and a bullish cross above this level could take BTC to the $16,950 level.

Bitcoin price chart – Source: Tradingview

The RSI and MACD indicators have entered the buy zone, indicating that a pullback is possible, but the 50-day moving average acts as a major obstacle. As a result, failure to break above the 50-day simple moving average (SMA) can lead to sales up to $16,500. As a result, BTC can find immediate support at $16,350 and $16,100.

Ethereum Price

Ethereum’s current price is $1,211, with a 24-hour trading volume of $2.7 billion. Ethereum, like Bitcoin, is in decline; however, ETH found immediate support at $1,180. This support level is extended by a rising trendline observed over a 4-hour period.

Ethereum price chart – Source: Tradingview

On the positive side, an upside break of the $1,200 level could take ETH to the $1,230 level. The increased demand for ETH, on the other hand, could expose its price to the next resistance zone of $1,280.

While support remains around $1,280, a break below may open more room to sell down to $1,150. The RSI, MACD, and 50-day simple moving average all indicate an uptrend. So look for buying opportunities today.

Alternative coins with huge upside potential

Despite the continued downtrend in the market, a few altcoins are making the news in 2023.

FightOut (FGHT)

The FightOut (FGHT) platform works similar to a personal trainer, except the FGHT token is proactively rewarded for exercise time. All activities are recorded and can be used to improve the statistics of his metaverse avatar.

The FGHT presale is doing well, with over $2.5 million already raised. The current sale price of 60.06 FGHT for $1 (FGHT can be purchased with ETH or USDT) will increase as the sale progresses.

Visit FightOut now

Trade Dash 2 (D2T)

When launched in early 2023, Dash 2 Trade will be an Ethereum-based platform that will provide real-time statistics and social trading data. Trading signals, on-chain analytics, strategy-building tools, and news feeds will be among the first features, helping new and experienced traders stay on top of the volatile bitcoin market.

Dash 2 Trade, one of the biggest ICOs of 2022, has launched its beta version of the dashboard, with only 7 days left until the presale ends. D2T has raised over $12 million in venture capital to date. D2T is the access coin of the system, and it is now worth $0.0533 in pre-sale after being sold to investors for $0.0476.

Visit Dash 2 Trade now

C+Load (CCHG)

C+Charge (CCHG) is an innovative blockchain-based technology that aims to reward electric vehicle owners for charging and driving their vehicles. Its native token, CCHG, is currently available for purchase. The use of electric vehicles has increased dramatically in recent years all over the world.

The electric vehicle (EV) industry has emerged as an eco-friendly alternative to the traditional automotive industry, which is crying out for change. People can now buy electric vehicles and participate in the green revolution thanks to companies such as Tesla, Rivian and others.

The platform has already agreed to add 20% of Turkish EV chargers to its network, demonstrating its scalability. 1 CCHG costs $0.013 and can be purchased with BNB or USDT. So far, the presale has raised $58,700.

Visit C+Charge now

Find the best price to buy/sell a cryptocurrencyCryptocurrency Price Tracker – Source: Cryptonews

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