Bitcoin Price Prediction – BTC Slips, But Why Draper Still Sees $250,000 For Top Crypto

During the Asian session, BTC is consolidating just below the $17,000 level, and closing candles above $16,750 keeps the Bitcoin price forecast bullish. Venture capitalist Tim Draper has been a consistent bitcoin bull despite the leading cryptocurrency falling 60% in 2022.

Draper predicts that the value of bitcoin will increase to $250,000 in the next year. “Bitcoin bull Tim Draper made one of the more bullish calls on bitcoin of 2022,” CNBC reported, “predicting the token will be worth $250,000 by the end of the year.” At the end of 2021, the value of bitcoin reached about $70,000, but in 2022 there was a sharp decline, which led to Draper’s prediction.

Last year, Bitcoin fell behind stocks and bonds as rising inflation dampened investors’ appetite for virtually all investment assets. After the collapse of the FTX cryptocurrency exchange, the price of bitcoin continued to fall. To this day, Draper stands by his bold prediction.

US Department of Justice to seize FTX-linked Robinhood shares

US Department of Justice (DOJ) lawyer Seth Shapiro said at the FTX bankruptcy court in Delaware on January 4 that the US government is in the process of buying 56 million shares of Robinhood Markets. The shares are worth about $460 million and are tied to FTX founder Sam Bankman-Fried (SBF).

According to Robinhood’s filing with the Securities and Exchange Commission (SEC) last May, Bankman-Fried was the company’s sole director and majority owner, and Emergent Fidelity Technologies bought a 7.6% stake in the company.

Current FTX management, Bankman-Fried, a private FTX lender, and cryptocurrency lender Blockfi, which also filed for bankruptcy last November, have now contested ownership of Robinhood shares.

The new FTX management has applied to the Delaware bankruptcy court to freeze its assets until the court resolves the concerns fairly to all debtors’ creditors. This is due to the fact that there are many bidders for Robinhood shares.

The next trial date is January 20, 2023, and the sitting judge has devoted the entire day to focusing on FTX, Robinhood stock, and any new developments.

The cryptocurrency market fell sharply after the collapse of FTX. Furthermore, any information regarding this could have a significant impact on the entire cryptocurrency market and BTC/USD.

Bitcoin Price

The current price of Bitcoin is $16,951 with a trading volume of $13 billion in the last 24 hours. Bitcoin failed to break the psychological resistance level of $17,000, which means a downside move to the $16,775 support zone if it closes below that level.

On the 4-hour time frame, BTC is positive due to the ascending channel, so a close above $16,775 could trigger a pullback.

Bitcoin Price Chart – Source: Tradingview

If BTC breaks below $16,775 today, it could fall as low as $16,450. Note the $16,775; If BTC continues to show a buying trend above this level, it may continue to rise.

Affordable cryptocurrencies for monitoring

Because of the market’s fear of loss, investors are looking for safer, higher-yielding alternatives. Early investors can get in before the biggest sell-off in the market.

FightOut (FGHT)

The FightOut (FGHT) platform works like a personal trainer, except that the FGHT token is pre-rewarded for training time. All activities are recorded and can be used to increase metaverse avatar statistics.

The FGHT presale is going well, with over $2.6 million already raised. The current selling price of 60.06 FGHT per $1 (FGHT can be bought with ETH or USDT) will increase as the sale progresses.

Visit FightOut now

Dash 2 Trade (D2T)

When launched in early 2023, Dash 2 Trade will be an Ethereum-based platform that provides real-time statistics and social trading data. Trading signals, on-chain analytics, strategy building tools and news feeds will be among the first features to help both new and experienced traders stay on top of the volatile bitcoin market.

According to new reports, the pre-sale of the trading intelligence cryptocurrency project will be extended with the addition of an excessive funding round. The pre-sale reached its fourth and final funding goal of $13,420,000 and was scheduled to end there.

To whom to place for those who may have missed the initial investment window, the Dash 2 Trading team has decided to hold a pre-sale stage 5 (or “overfunding round”) where 36,000,000 tokens will be sold at a price of $0.0556. additional $2,001,600.

D2T is now funded at a 4% premium from its previous price of $0.0533. The project’s current funding total is $15,421,600.

Visit Dash 2 Trade Now

C+Charge (CCHG)

C+Charge (CCHG) is a blockchain-based platform that rewards owners of electric vehicles for charging and driving them. Its native token, CCHG, is currently available for purchase. The use of electric vehicles has increased dramatically worldwide in recent years.

The electric vehicle (EV) business has long evolved as a greener alternative to the existing auto industry, which has long been in need of reform. People can now buy electric cars and participate in the green revolution thanks to companies like Tesla, Rivian and others. The network has already pledged to add 20% of Turkey’s EV chargers to its network to demonstrate its scalability.

1 CCHG costs $0.013 and can be bought with BNB or USDT. So far, the presale has raised $90,600.

C+Charge now

Find the best price to buy/sell cryptocurrency

Cryptocurrency Price Tracker – Source: Cryptonews

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