Bitcoin stays put with yearly close set to seal 60% YTD BTC price loss

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Bitcoin () kept traders guessing to the last minute into the 2022 yearly close as volatility remained absent from the market.

Comes," he tweeted December 30. " Bitcoin () allowed traders to guess at the last minute in the annual closure of 2022, as volatility remained absent from the market.

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD clinging to a familiar area around $16,500.

The pair continued to disappoint players on both sides of the trade after a sideways Christmas, ignoring the potential significance of the simultaneous weekly, monthly, quarterly and yearly candle close.

Order book information BTC/USD (Binance).Technical resistance and overhead liquidity suggests sub $17k local top, but anything goes in the Wild Wild West,” on-chain analytics resource Material Indicators wrote in part of commentary on the BINANCE BTC/USD order book.

"Technical resistance and overhead liquidity suggest a local peak of less than $17K.

*Everything goes in the Wild West," on-chain analytics resource Material Indicators wrote in a comment on the Binance BTC/USD order book. Source: Material Indicators/ Twitter*

Looking slightly beyond the close, Arthur Hayes, former CEO of exchange BitMEX, hoped that Bitcoin would not fall under its post-FTX floor around $15,500.

“Source: Hardware Indicators/ TwitterLooking slightly beyond the close, Arthur Hayes, former CEO of the BITMEX exchange, was hoping Bitcoin wouldn't fall below its post-FTX floor around $15,500. Let’s see what the new year brings,” part of comments stated as part of a warning over U.S. dollar liquidity.

More categorical when it came to bearish forecasts was popular trader Cypto Tony, who doubled down on his existing theory that further downside would precede Bitcoin’s recovery.

“This remains my macro outlook on Bitcoin where we see another pullback lower before accumulation prior to the next bull run,” he told Twitter followers.

More adamant as far as bearish forecasts were concerned was cypto tony popular trader, who doubled down on his existing theory that further downside would precede bitcoin’s recovery.Let's See What the New Year Holds for Us", in part of the commentary on a USD liquidity warning. "This is still my macro perspective on Bitcoin where we see another dip lower before the build-up before the next bull race," he told Twitter followers.

Annotated graphics BTC/USD.

One small dose of good news for BTC bulls meanwhile came from Toni Ghinea, who on Dec. Source: crypto tony/twitterbitcoin dominance due to a January boost small dose of good news for BTC bulls during this time has come from toni ghinea, which on December.

Despite also calling for fresh downside to afflict Bitcoin price action, Ghinea now said that it would be altcoins bearing the brunt of the anguish.

Related: 'Crypto Winter' will not end in 2023 — Bitcoin defender david marcusdespite also calls for new disadvantages to plague bitcoin course, ghinea now says it would be coins carrying the biggest of anguish. 'The domination of the BTC will increase in the weeks ahead. is coming," he tweeted on Dec. 30.