• Bitcoin
  • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
What's Hot

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook Twitter Instagram
The Crypto News Insider
  • Bitcoin

    Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

    2023-03-31

    Market At Risk As Easy Cash Era Comes To An End

    2023-03-30

    Binance’s Bitcoin, Ethereum, Stablecoins Netflow Reveals Stability Despite US CFTC Suit

    2023-03-30

    Bitcoin Price Shoots Past $28,500, Key Support and Resistances

    2023-03-30

    Ripple’s Appeal In SEC Lawsuit To Retain Status Quo: John Deaton

    2023-03-29
  • Altcoins

    SHIB enters critical zone, Shibarium beta launch might happen this week?

    2023-02-19

    Is Ethereum [ETH] setting up a big show ahead of Shanghai upgrade? 

    2023-02-19

    Shibarium Beta To Go Live Next Week: Rumors or Reality?

    2023-02-19

    Helium to migrate to Solana on this date, here’s how HNT reacted

    2023-02-19

    ETH tests 5-month high as whales retain this % of supply, more inside

    2023-02-19
  • NFT

    Candy Digital Pushes Forward With New MLB NFTs After Fanatics Divestment

    2023-03-29

    Pussy Riot Protest Art NFT Triggers Russian Criminal Charges

    2023-03-29

    At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day

    2023-03-29

    Art Blocks Debuts NFT Marketplace With Enforced Creator Royalties

    2023-03-29

    Degens ‘Ran Away With the Narrative’ on Gitcoin’s NFT Drop With Vitalik, Says Founder Kevin Owocki

    2023-03-29
  • Metaverse

    Siemens and MIT Tech Review Probe ‘The Emergent Industrial Metaverse’

    2023-03-30

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20
  • Analysis

    Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

    2023-03-31

    Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

    2023-03-31

    Dogecoin Whale Abruptly Moves 350,000,000 DOGE in Multiple Transactions– Here’s Where the Crypto’s Headed

    2023-03-30

    Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

    2023-03-30

    Algorand price surges over 12%

    2023-03-30
  • Learn

    Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

    2023-03-30

    Next Cryptocurrency to Explode 2023

    2023-03-30

    Chart Patterns Cheat Sheet For Technical Analysis

    2023-03-21

    Best NFT Wallets in 2023

    2023-03-21

    Top 10 Best Ethereum Wallets 2023

    2023-03-18
  • Market Cap
The Crypto News Insider
Home»Bitcoin»Bitcoin Could Gain Another 18% After Breaking $24k – BTC Analyst.
Bitcoin

Bitcoin Could Gain Another 18% After Breaking $24k – BTC Analyst.

2022-07-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Abstract:

  • Bitcoin has damaged above the 50-day shifting common with its push above $24k.
  • BTC may rally one other 18% earlier than reaching the following stage of serious resistance, round $28k.
  • Capitulation by Bitcoin buyers and miners is also slowing down.

Bitcoin has had an eventful first few days of the week, having punched via the $22k resistance stage early Monday and breaking the $24k resistance stage at present to put up a neighborhood excessive of $24,276.

Bitcoin May Acquire One other 18% After Breaking $24k.

Bitcoin’s spectacular worth motion regardless of record-breaking inflation all over the world has prompted widespread BTC analyst, Magic Cannon, to forecast that the digital asset may achieve one other 18%.

In accordance with Magic, Bitcoin has proven power by breaking the 50-day shifting common and will preserve pushing previous $24k to the $28k worth stage ‘earlier than hitting the final main resistance zone.’

Magic’s evaluation of Bitcoin’s present worth motion could be discovered within the tweet beneath.

#BTC has damaged above the 50 day MA (in orange) and will rally one other 18% earlier than hitting the final main resistance zone. pic.twitter.com/Ss7y8w2UGM

— MAGIC (@MagicPoopCannon) July 20, 2022

$28k Is Round Bitcoin’s 100-day Shifting Common.

Additional double-checking the day by day BTC/USDT chart beneath reveals that Bitcoin has reclaimed the vital 200-week shifting common (pink) as help. This significant shifting common has a historical past of marking previous Bitcoin bottoms and might be a major indicator that BTC promoting by buyers and miners may have subsided.

Bitcoin Could Gain Another 18% After Breaking $24k - BTC Analyst. 18

Nevertheless, the day by day MFI, MACD, and RSI all level to an overbought state of affairs for Bitcoin that would end in a pullback to the identical 200-week shifting common across the $22.5 ok worth space. However, if Magic’s evaluation is to be thought-about, a push larger to $28k is in step with Bitcoin tapping the 100-day (yellow) shifting common across the similar stage.

See also  Dogecoin Price Awaits 20% Rally, Predicts Analyst

Bitcoin Has Punched By a Capitulation Construction – Willy Woo.

Equally, veteran Bitcoin analyst, Willy Woo, has famous BTC’s worth actions in the previous few days and concluded that the digital asset may have ‘punched via a capitulation construction’ that would foreshadow the start of a correct backside. He shared his evaluation via the following statement and accompanying chart.

BTC punched via a capitulation construction. i.e. buyers who purchased larger bought out in droves whereas pressing patrons had been there to rally the value in opposition to the promoting. The following step in a correct backside signature occurs when the contours get dense below the value.

Bitcoin Could Gain Another 18% After Breaking $24k - BTC Analyst. 19
Supply, @woonomic on Twitter.



Source link

24k Analyst Bitcoin Breaking BTC Gain
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Best Bitcoin Mining Software — TOP Crypto Miners to Use in 2023

2023-03-30

Top Crypto Trader Details Path Forward for Bitcoin and Polygon Rival Arbitrum – Here’s His Outlook

2023-03-30
Add A Comment

Leave A Reply Cancel Reply

Top Posts

6 Projects Using NFTs for Social Good

2022-12-24

Lido Finance L2 protocols are in high spirits, but what about LDO

2022-10-11

USDC To Dethrone USDT By This Date; Report Predicts

2022-07-26

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Top Insights

Ethereum Rival Cardano Set To Plunge 70% Against Bitcoin, Says Analyst – Here’s the Timeline

2023-03-31

Reasons Why Bitcoin (BTC) Price Is Falling Today While Altcoins Remains Strong

2023-03-31

Popular Trader Still ‘Cautiously Bearish’ on Crypto, Dives Deep Into Sideways-Trading Ethereum (ETH)

2023-03-31
Get Informed

Subscribe to Updates

Get the latest news and Update from Thecryptonewsinsider.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Thecryptonewsinsider.com. - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,149.00-1.88%
  • ethereumEthereum(ETH)$1,807.040.11%
  • USDEXUSDEX(USDEX)$1.08-0.31%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$316.97-0.25%
  • usd-coinUSD Coin(USDC)$1.00-0.05%
  • rippleXRP(XRP)$0.53-1.95%
  • cardanoCardano(ADA)$0.3960194.09%
  • staked-etherLido Staked Ether(STETH)$1,804.130.23%
  • dogecoinDogecoin(DOGE)$0.0759370.78%
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}