BTC/USD 12H Targets — January 8th, 2023

Trader Kyer, a TradingView analyst, analyzed the price action of Bitcoin and shared these thoughts about the end of year price targets on BTC.

Looking at the 12-hour chart of Bitcoin , this is an extension of my previous chart as there has been no volatility during the holidays and the markets haven’t really moved. We can see BTC is still in it’s accumulation zone and gearing to breakout to what looks like $18-19k after the weekly close.

This move will play out to TP1 & 2 marked:

TP1 $18,155
TP2 $19,356

Bitcoin trade is invalidated with a candle close below $16,250 as we would look to reposition this play.

As always please do your own research, I am not a financial advisor.