The crypto markets traded flat in the last 24 hours without much noise.
Bitcoin managed to hold on to its $16K support for the third day in a row, despite a small dip witnessed by it in the last 24 hours. Mixed signals were evoked from the markets, with a few analysts expecting further downward trends, while others expected the markets to rally up from present levels.
Experts claimed that BTC needed to cross $18000 for a market-wide bullish perspective, while Bitcoin going back below $14000 could also trigger a panicky situation. The bottom-offs in the market are expected to have gone down to $12000-$14000 levels. The crypto community has continued to wait with bated breaths as recent incidents of liquidity issues in major exchanges have prompted countries worldwide to enforce strict regulations for the sector.
BTC/USD price chart in 2022
Bitcoin is currently trading at around $16,300 on November 25, 2022, with BTC/USD down by 1.16% in the last 24 hours. BTC/USD is still trading below its 20-day EMA (17,823.35), with some altcoins witnessing small gains, but most of them trading flat. Major long-term investors have reaffirmed their confidence in crypto and have encouraged investors witnessing their first bear run to remain invested and not get perturbed by the recent volatility.