{"id":514447,"date":"2023-01-02T14:10:22","date_gmt":"2023-01-02T19:10:22","guid":{"rendered":"https:\/\/ktsl888.com\/?p=514447"},"modified":"2023-03-08T07:25:47","modified_gmt":"2023-03-08T07:25:47","slug":"bitcoin-cash-2022-year-low","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-cash-2022-year-low\/","title":{"rendered":"Bitcoin Cash Closes 2022 With A Year-Low – Will 2023 Be Better?"},"content":{"rendered":"

It is no surprise for Bitcoin Cash to perform this poorly when the entire crypto market fell deeper in the bear market due to various negative factors, including the much-publicized collapse of crypto exchange <\/span>FTX<\/span><\/a>. <\/span><\/p>\n

According to <\/span>CoinGecko<\/span><\/a>, the token is down a further 1.4% in the past 24 hours. <\/span>This doesn\u2019t bode well as major cryptocurrencies like <\/span>Bitcoin<\/span><\/a> and <\/span>Ethereum<\/span><\/a> have started 2023 very weakly as well.<\/span><\/p>\n

Bitcoin Cash And Bitcoin Connections<\/strong><\/h2>\n

Since Bitcoin Cash is a <\/span>fork<\/span><\/a> of Bitcoin, BCH will have a strong correlation to BTC most of the\u00a0 time. To have a glimpse of where BCH will go, a look at what crypto analysts think of Bitcoin will provide strong insights on what the future for BCH will look like.\u00a0<\/span><\/p>\n

CryptoQuant analyst Dan Lim recently <\/span>released<\/span><\/a> his take on the current state of affairs in Bitcoin. He noticed that the top crypto is being dictated by a small number of whales. However, his analysis is contradicted by recent news that <\/span>BTC is actually being accumulated by whales.\u00a0<\/span><\/p>\n

\"Bitcoin<\/p>\n

Image: Zipmex<\/pre>\n
This might mean that Dan Lim\u2019s analysis points to retail investor activity or a mix of both retail and whale activity.\u00a0<\/span><\/p>\n
\n
What if this is the beginning of 3 bullish years for #BTC<\/a>?$BTC<\/a> #Crypto<\/a> #Bitcoin<\/a> pic.twitter.com\/OtuOFLUftE<\/a><\/p>\n
\u2014 Rekt Capital (@rektcapital) January 1, 2023<\/a><\/p><\/blockquote>\n
2023: Year Of Reversals?<\/strong><\/h2>\n
With institutional investors <\/span>slowly edging<\/span> their way to the market, an uptick in Bitcoin will translate to gains in BCH as the two are closely correlated. However, some major financial institutions have been <\/span>lost<\/span><\/a> on the idea of cryptocurrency as a portfolio diversifier due to the many controversies that plagued the crypto market.\u00a0<\/span><\/p>\n
If <\/span>Rekt Capital\u2019s<\/span><\/a> hypothesis, which essentially says that 2023 will be the accumulation period before the potential 2024 crypto bull market, is true, gains will be up for the entire crypto market, especially Bitcoin Cash.\u00a0<\/span><\/p>\n
Related Reading: Decentraland (MANA) Sheds 90% In 2022 Despite Solid NFT Volume Performance<\/a><\/div>\n
<\/p>\n
Related Reading: Avalanche Exits 2022 With 10% Decline \u2013 Will AVAX Recoup That Loss This Week?<\/a><\/div>\n
However, with the broader financial market having its <\/span>worst<\/span><\/a> year since the 2008 crisis, we can set 2023 to be a slow but steady phase of loss and gradual gain in the next few months.\u00a0<\/span><\/p>\n
In the short term, potential BCH investors and traders could hope that the current support at $96.18 will hold. But with potential downturns caused by further interest rate <\/span>increases<\/span><\/a>, we might see BCH bears test the $89.17 in the coming weeks.\u00a0<\/span><\/p>\n
With the start of another fiscal year, BCH investors and traders should watch out for macroeconomic developments as it also holds sway on the crypto market. Caution should still be exercised as the future is still uncertain for Bitcoin Cash and crypto as a whole.\u00a0<\/span><\/p>\n
-Featured image: Binance Academy<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
It is no surprise for Bitcoin Cash to perform this poorly when the entire crypto market fell deeper in the bear market due to various negative factors, including the much-publicized collapse of crypto exchange FTX. According to CoinGecko, the token is down a further 1.4% in the past 24 hours. This doesn\u2019t bode well as major cryptocurrencies like Bitcoin and Ethereum have started 2023 very weakly as well. Bitcoin Cash And Bitcoin Connections Since Bitcoin Cash is a fork of Bitcoin, BCH will have a strong correlation to BTC most of the\u00a0 time. To have a glimpse of where BCH will go, a look at what crypto analysts think of Bitcoin will provide strong insights on what the future for BCH will look like.\u00a0 CryptoQuant analyst Dan Lim recently released his take on the current state of affairs in Bitcoin. He noticed that the top crypto is being dictated by a small number of whales. However, his analysis is contradicted by recent news that BTC is actually being accumulated by whales.\u00a0 Image: Zipmex This might mean that Dan Lim\u2019s analysis points to retail investor activity or a mix of both retail and whale activity.\u00a0 What if this is the beginning of 3 bullish years for #BTC?$BTC #Crypto #Bitcoin pic.twitter.com\/OtuOFLUftE \u2014 Rekt Capital (@rektcapital) January 1, 2023 2023: Year Of Reversals? With institutional investors slowly edging their way to the market, an uptick in Bitcoin will translate to gains in BCH as the two are closely correlated. However, some major financial institutions have been lost on the idea of cryptocurrency as a portfolio diversifier due to the many controversies that plagued the crypto market.\u00a0 If Rekt Capital\u2019s hypothesis, which essentially says that 2023 will be the accumulation period before the potential 2024 crypto bull market, is true, gains will be up for the entire crypto market, especially Bitcoin Cash.\u00a0 Related Reading: Decentraland (MANA) Sheds 90% In 2022 Despite Solid NFT Volume Performance Related Reading: Avalanche Exits 2022 With 10% Decline \u2013 Will AVAX Recoup That Loss This Week? However, with the broader financial market having its worst year since the 2008 crisis, we can set 2023 to be a slow but steady phase of loss and gradual gain in the next few months.\u00a0 In the short term, potential BCH investors and traders could hope that the current support at $96.18 will hold. But with potential downturns caused by further interest rate increases, we might see BCH bears test the $89.17 in the coming weeks.\u00a0 With the start of another fiscal year, BCH investors and traders should watch out for macroeconomic developments as it also holds sway on the crypto market. Caution should still be exercised as the future is still uncertain for Bitcoin Cash and crypto as a whole.\u00a0 -Featured image: Binance Academy<\/p>\n","protected":false},"author":557,"featured_media":514467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[138,10736,1558,3505,87695],"class_list":["post-514447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin-news","tag-bitcoin-cash","tag-cryptocurrency","tag-price-analysis","tag-tags-bitcoin"],"acf":[],"yoast_head":"\nBitcoin Cash Closes 2022 With A Year-Low - Will 2023 Be Better?<\/title>\n<meta name=\"description\" content=\"It is no surprise for Bitcoin Cash to perform this poorly when the entire crypto market fell deeper in the bear market due to various negative factors,\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-cash-2022-year-low\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Cash Closes 2022 With A Year-Low - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Cash Closes 2022 With A Year-Low – Will 2023 Be Better?","url":"http:\/\/ktsl888.com\/news\/bitcoin-cash-2022-year-low\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-cash-2022-year-low\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/bitcoin-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/bitcoin-1.png?fit=706%2C402"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin news","bitcoin cash","cryptocurrency","price analysis","tags: bitcoin"],"dateCreated":"2023-01-02T19:10:22Z","datePublished":"2023-01-02T19:10:22Z","dateModified":"2023-03-08T07:25:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Cash Closes 2022 With A Year-Low – Will 2023 Be Better?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-cash-2022-year-low\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-cash-2022-year-low\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/bitcoin-1.png?fit=706%2C402\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin news\",\"bitcoin cash\",\"cryptocurrency\",\"price analysis\",\"tags: bitcoin\"],\"dateCreated\":\"2023-01-02T19:10:22Z\",\"datePublished\":\"2023-01-02T19:10:22Z\",\"dateModified\":\"2023-03-08T07:25:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/01\/bitcoin-1.png?fit=706%2C402","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/514447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=514447"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/514447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/514467"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=514447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=514447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=514447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}