Some forecasters are predicting that Bitcoin could break resistance and hit $17,800 in January 2023.
We look at BTC’s prospects for the New Year and also profile two up and coming tokens that are catching investors’ eyes.
Bitcoin’s recent push rekindled some recovery hopes as the king coin aspired to find a position above the $17,200 resistance level for nearly two weeks.
Anticipation of inflation rates in the upcoming US CPI reports and its potential effect on the Fed’s interest rate move has kept the buyers and sellers on the back foot. As a result, the trading volumes have been relatively low while BTC could break its ongoing slow-moving phase.
Furthermore, increased stablecoin dominance during the past months has reaffirmed a conservative investor sentiment. A conceivable hike in the interest rates by the Fed Reserve can set the stage for investors to make a shift toward ‘less risky’ assets. 
It becomes vital for investors to adequately hedge their portfolio risk in th

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