While Bitcoin had a bad 2022, it still managed to outperform Tesla. (Reporting via WilliamSuberg)
After days of barely any movement up or down, Bitcoin finally saw aas traditional markets opened after the Christmas break. Unfortunately for bulls, volatility was to the downside, with BTC/USD seeing its lowest levels since Dec. 20.
Accompanying charts showed targets for Bitcoin and several altcoins, with Ether due a trip as low as $600.Fellow analytics account Illiquid Markets likewisefollowers to “be prepared for even lower prices in 2023,” with these to be “lower than most expect.” The firm, already the public company with the largest Bitcoin treasury, added another 2,500 BTC to its reserves, itAt $16,700, meanwhile, BTC/USD traded at around 60% down year-to-date, with three days until the yearly close.This was noticeably comparable to Tesla stock, which at $113 was on track to seal year-to-date losses of 72% or more.
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