Bitcoin Technical Analysis Bitcoin Market image Crypto market capitalization rose 2% to $858 billion in the last 2 hours. Bitcoin rose 2.3% to $17.2,000, trading near the top of its range since November 12. The technical picture of Bitcoin remains the same and should confirm a move from an abnormally tight range regardless of which direction it moves. btc If the rally continues, confirmation would mean a consolidation above $18,000, near the 50-day moving average and local support from June to October. An invoice shop can still invoice if it sends a price below $16,000. Bitcoin News Background Coinbase’s revenue could be cut in half by 2022 amid the FTX and crypto market crash, CEO Brian Armstrong said. A new CNBC survey shows that Americans’ attitudes toward cryptocurrencies have weakened significantly following the collapse of the Terra ecosystem and the bankruptcy of the cryptocurrency exchange FTX. Only 8% of US residents have a positive attitude towards cryptocurrencies. The Ethereum team said that they plan to activate the Shanghai fork in March 2023. Popular Twitter analyst PlanB, author of the Stock-to-flow model, reiterated his belief in the massive growth of bitcoin in 2023 or at least 202 . According to him, the value of BTC after the next split will be between $100,000 and $1 million, and the bottom of the first cryptocurrency should be reached within the next three weeks.