BTC has traded at slightly higher levels in recent times.
Bitcoin continued its momentum, rallying slightly over $16500 as the crypto industry around the world battles panic and confusion. Shrugging off bearish trends, BTC has managed to bounce back from its yearly lows and maintain its support levels over $16000.
The crypto industry has been facing much criticism in the last few months over liquidity issues in many exchanges and many investors losing their holdings in the process. Critics have bashed crypto in the media, with analysts also being cautious about posting any optimistic trends. The interest rate hikes worldwide have also not helped the markets much. Though a few experts agreed on sentiments over crypto never being so negative, the underlying technology powering BTC and other major altcoins remain steadfast, as they reaffirmed.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16,600 on November 24, 2022, with BTC/USD up by 0.45% in the last 24 hours. BTC/USD is still trading below its 20-day EMA (18,040.96), with other altcoins also witnessing mixed trends in the last 24 hours. Analysts deem the next few weeks to be extremely critical for the crypto markets, since investor confidence and participation in the following months would decide the course of the markets in 2023.