Bitcoin Price Stuck in Rut: Here's What Traders Can Expect This Weekend

[JordanKing]

The bankruptcy filing by the cryptocurrency exchange FTX has created a black hole in the crypto space as the market has lost billions of dollars because of the FTX crash. As per Coinpedia, it may mark the birth of a fresh bullish start for the crypto market by Q1 of 2023 because it sets a new goal for leading assets to bounce back to unexpected price levels.

Also, since the macro conditions of the traditional market improve, Bitcoin tends to fade its bottom levels by skyrocketing to a bullish territory. What are your opinions on this? do you feel the same?

[Osama Sultan]

As we knows the global market also faces the problems and after a long downtrend it stabilizes,
But we knows this is crypto field its highly volatile and young , Many new players joining this field . therefore the market get a little more dumps .But future of crypto field is bright and I Expect a little more dump before some correction .

[TopT3ns]

As we knows the global market also faces the problems and after a long downtrend it stabilizes,
But we knows this is crypto field its highly volatile and young , Many new players joining this field . therefore the market get a little more dumps .But future of crypto field is bright and I Expect a little more dump before some correction .

When market conditions are not good, this is the right time to enter and scalp for short-term trading and take advantage of coin price movements that can provide a lot of profit, it's just that you have to monitor the conditions of the exchange at all times and as much as possible not to be influenced by exchange place conditions and stick to your belief.

[Alcor]

The bankruptcy filing by the cryptocurrency exchange FTX has created a black hole in the crypto space as the market has lost billions of dollars because of the FTX crash. As per Coinpedia, it may mark the birth of a fresh bullish start for the crypto market by Q1 of 2023 because it sets a new goal for leading assets to bounce back to unexpected price levels.

Analysts, as always, express different opinions about the price movement of the cryptocurrency market. Of course, the collapse of the FTX exchange had a very negative impact on the entire market, so some even believe that this could extend the duration of the crypto winter until the end of next year. However, others, based on the price chart of bitcoin, predict a sharp increase in its price in the near future, which could rise to $110,000 this time. As it will be in practice, time will tell.