Bitcoin Price Prediction – BTC Finds Support at $16300

Per December 21, Bitcoin’s price has remained relatively stable and is currently worth around $16,820. In the last 24 hours, BTC has seen a slight decrease of 0.6% and was worth between $16,798 and $17,012. Over the past week, the value of BTC has fallen by 6.8%.

Bitcoin Wallet Maker Foundation Raises $7 Million to Promote Self-Sufficiency

Foundation Devices, a Bitcoin-focused company, announced on December 19 that it has completed a $7 million fundraiser in response to growing demand for self-care. The Boston-based company plans to use the funds to continue developing cryptocurrency hardware and software wallets under the “digital sovereignty” branding.

Greenfield Capital, Lightning Ventures, Unpopular Ventures, Warburg Serres and Bolt were among the other investors in this round, which was led by blockchain investment firm Polychain Capital.

The Foundation’s main product is Passport, a hardware wallet for Bitcoin that uses “air-gapped security”, meaning it does not allow external USB or wireless communication. Passport has a built-in color display, camera and uses QR codes for interaction. The company also offers a mobile software wallet called Envoy. According to the Foundation, it has sold thousands of Passport wallets in the past 18 months.

The economics come as more companies work to improve the use and appeal of hardware wallets. Users can use hardware wallets, a physical storage for Bitcoin and other cryptocurrencies, to disconnect their private keys from the Internet and store them offline.

Protecting security and privacy has never been more important in the face of global censorship, privacy violations, irresponsible banking and bad monetary policy. As a result, advances in hardware wallets encourage investors to trust their crypto holdings, which could be beneficial for BTC/USD.

Kazakhstan Increases Bitcoin Mining Regulations

A bill was approved by the Kazakh parliament last week. It will levy a corporate tax on Bitcoin miners and cap the industry’s use of national energy. The bill, called “On Regulation of Digital Assets in Kazakhstan,” was one of three pieces of crypto-related legislation passed last Thursday by Kazakhstan’s lower house of parliament, known as Mazhilis, according to the parliament’s website.

According to ongoing negotiations, the law will give miners access to around 500 MW. Furthermore, miners registered with the state will only be allowed to buy energy from the grid when there is too much supply. The law will now be sent to the Senate for review and a second vote. If the bill is also approved by the Senate, it must be legally signed by the president.

If the Senate votes on the amendment, it can be returned to Mazhilis. According to Dadar Bekbau, founder of local mining company, the new law may discourage investment.

Bekbau claimed that confidence has already faded, many investors have fled Kazakhstan and development plans have been scrapped. Despite the bill and energy rationing, miners are positive about Kazakhstan’s future in the crypto sector and BTC/USD.

Bitcoin price

Bitcoin’s current price is $16,843 and the 24-hour trading volume is $16 billion. The BTC/USD pair is down almost 1% in the last 24 hours.

After falling to the $16,300 level, the Bitcoin price has risen back to the $16,800 area. It is now seeing support near USD 16,800 and a close price below this level could signal a bearish trend.

Bitcoin’s immediate support is at $16,250 or $16,100, and a bearish break from this level could expose BTC to $15,650.

Bitcoin Price Chart – Source: Tradingview

According to the MACD and RSI indicators, there is a mixed bias in the market right now. The RSI shows that the market is oversold, while the MACD indicates that there may be upward momentum. These conflicting signals can make it difficult to predict the direction of the market trend.

Ultimately, the close of the candle below the 50-day moving average is a sign that the downward momentum may continue.

Altcoins that provide faster returns

Cryptocurrencies have been moving sideways for a few weeks, prompting some traders to look for alternatives with more short-term potential. Below are some of the leading pre-sales on the market, allowing investors to get involved right from the start.

FightOut (FGHT) – Presale Launches

FightOut, a brand new move-to-earn (M2E) fitness app and fitness chain that aims to bring the fitness lifestyle into the Web3, has opened its pre-sale, and investors believe the project could transform the current M2E -landscape. While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to participate, FightOut takes a more holistic approach by tracking and rewarding exercise and activity from its users, and it also has no expensive buy-ins required to participate.

FightOut’s FGHT tokens are currently selling for 60.06 units per 1 USDT, and interested investors are encouraged to act quickly to get their hands on their tokens, with the presale already raising over $2.18 million in just a few days. FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut here

Dash 2 Trade (D2T) – Pre-Sale Enter the final phase

For those interested in investing in a promising crypto trading startup, look no further than Dash 2 Trade. The new analytical and social trading platform hopes to take over the crypto trading industry with its unique features.

These include trading signals, on-chain social sentiment and indicators, a pre-sale token scoring system, a token listing notification system, and a strategy back-testing tool. The Dash 2 Trade ecosystem will be powered by the D2T token, which users must purchase and own to access the platform’s features.

Dash 2 Trade is currently holding a heavily discounted token pre-sale and sales recently passed $10.3 million. The pre-sale dashboard will launch soon with the development team ahead of schedule. Tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in about a month.

Visit Dash 2 Trade here

Calvaria (RIA) – The final pre-sale phase is now

Big blockchain-based games like Axie Infinity have lost a lot of attention in 2022. As a result, many investors interested in the crypto gaming space are looking for other options. Calvaria, an upcoming game to earn battle card crypto game, could be a good alternative. Calvaria wants to boost the adoption of crypto by creating a bridge between the real world and crypto, a fun and accessible crypto game.

Investors should consider the RIA token prior to the sale. Calvaria has now raised $2.51 million, with one crypto whale buying as much as $97.5 thousand in a purchase earlier this month. The presale is in its final phase, with only 19% of tokens remaining.

Visit Calvary here

Find the best price to buy/sell cryptocurrency

Cryptocurrency Price Tracker – Source: Crypto news

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