Rocket ICO Giving you a better way to make your decisions and enjoy the process of ICO backing

  • Lydian ICO
  • Markets
Latest News
  • Terra to fork and remove UST, Do Kwon says in new rescue plan   |   17 May 2022

  • Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash   |   16 May 2022

  • Binance CEO says he’s ready to support Terra (LUNA) rebuild   |   16 May 2022

  • Sam Bankman-Fried: UST crash was ‘predictable’   |   15 May 2022

  • Dogecoin drops 15% after Anon Whales shift 250 million DOGE   |   15 May 2022

  • Terra blockchain is back online after an official halt   |   14 May 2022

 
Home» Markets»Rekt Capital highlights key levels for BTC/USD amid a bullish outlook

Rekt Capital highlights key levels for BTC/USD amid a bullish outlook

rocketman 08 Feb 2022 Markets Comments Off on Rekt Capital highlights key levels for BTC/USD amid a bullish outlook 49 Views

  • Rekt capital, a crypto trader and analyst, says that the 200-day EMA for bulls is a critical level at $47,000.

  • According to CoinGecko data, Bitcoin hit a high point of $45,300 Tuesday before falling sharply to $43,400 on Tuesday.

Bitcoin (BTC), has dropped from the intraday highs reached Tuesday at $45,300 and is currently hovering around $43,450. The momentum gained since the weekend has slowed down after the bounce low.

However, with sentiment bullish about the flagship cryptocurrency’s short-term price movement, crypto analyst Rekt Capital says another melt-up is likely.

According to him, the BTC/USD pair is looking for a key level. If it reaches that level and turns into support, it would indicate that long-term investors are optimistic. This optimism could spur further buying and help bulls push for the psychologically significant level of $50,000.

Here’s what the pseudonymous analyst notedAs the BTC price flirted around $45,300, it became a resistance.

“BTC is slowly approaching the 200-day EMA (black) Flip the EMA into support and this will be an indication that long-term investor sentiment is shifting back to being bullish on Bitcoin.”

He shared the chart below, which shows Bitcoin’s recovery after last month’s rout and the potential for a breakout to $47,000.

Chart showing BTC’s rebound towards the 200 EMA. Source: Rekt Capital on Twitter.

This level corresponds to the 200-day exponentially moving average, which Rekt Capital identifies as one of key indicators of long term investor sentiment towards Bitcoin.

 “The black 200 EMA is a long-term gauge of investor sentiment towards BTC. The 200 EMA currently represents a price point of ~$47000,” he said.

The analyst remains optimistic about BTC/USD but he points out the chart and 200 EMA versus current prices levels to show that bulls may need to struggle a little before they can turn the line into support.

#BTCis trying turn the black level in support & break into $43100-$51900 range

The blue 50-week EMA resistance is just above this black level$BTCIt is necessary to convert both blue EMA and black EMA into support for a rise in the $43100-$51900 price range#Crypto #Bitcoin pic.twitter.com/H7PYXbgGfp

— Rekt Capital (@rektcapital) February 8, 2022

If Bitcoin price turns $43k into support and breaks above the supply zone above $45k, then it’s likely to continue higher with the highlighted range ($43,100-$51,900). 

Crypto analyst Scott Melker holds a similar view and says that the benchmark crypto has “tapped” the zone. He is optimistic about the BTC/USD exchange rate above this level.

$BTC#BitcoinYou are playing the levels perfectly.

The next level was $45,478, which was tapped close to the dollar. It was clear sailing above. pic.twitter.com/GGb9pm8TKK

— The Wolf Of All Streets (@scottmelker) February 8, 2022

Bitcoin can also be paintedSimilar recovery to that experienced during the last correction (May-2021), with the Bollinger Band breaking higher on the weekly log. BTC reached its record high of $69k in the last time this happened.

The bitcoin price rose more than 12 percent in the last week.

BTCUSD bullish Capital highlights key levels outlook Rekt 2022-02-08
Tags BTCUSD bullish Capital highlights key levels outlook Rekt
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : rocketman
Previous Article :

Bitcoin will hit $200k and Ethereum $12k in 2022, says FSInsight report

Next Article :

why is the Axie Infinity game token rising?

Related Articles

Terra to fork and remove UST, Do Kwon says in new rescue plan

Terra to fork and remove UST, Do Kwon says in new rescue plan

rocketman 17 May 2022
Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

rocketman 16 May 2022
Binance CEO says he’s ready to support Terra (LUNA) rebuild

Binance CEO says he’s ready to support Terra (LUNA) rebuild

rocketman 16 May 2022

ABOUT ME

lourari bra

lourari bra

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus pulvinar eros id diam gravida, id pharetra ligula cursus. Sed dapibus lectus augue, non volutpat lorem porttitor vel.

Popular Posts

Terra to fork and remove UST, Do Kwon says in new rescue plan
Markets

Terra to fork and remove UST, Do Kwon says in new rescue plan

rocketman 17 May 2022
Bitcoin Profit Review 2021: Is It a Scam Or Legit?
Reviews

Bitcoin Profit Review 2021: Is It a Scam Or Legit?

rocketman 22 Jul 2021
Yuan Pay Group review 2021 – Is it a Scam or Legit?
Reviews

Yuan Pay Group review 2021 – Is it a Scam or Legit?

rocketman 26 Jul 2021
Immediate Bitcoin Review: Does it work?
Reviews

Immediate Bitcoin Review: Does it work?

rocketman 27 Jul 2021
Bitcoin Era Review: Is this a scam?
Reviews

Bitcoin Era Review: Is this a scam?

rocketman 27 Jul 2021

Advertisement

Recent Posts

  • Terra to fork and remove UST, Do Kwon says in new rescue plan

    Terra to fork and remove UST, Do Kwon says in new rescue plan

    rocketman 17 May 2022
  • Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

    Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

    rocketman 16 May 2022
  • Binance CEO says he’s ready to support Terra (LUNA) rebuild

    Binance CEO says he’s ready to support Terra (LUNA) rebuild

    rocketman 16 May 2022
  • Sam Bankman-Fried: UST crash was ‘predictable’

    Sam Bankman-Fried: UST crash was ‘predictable’

    rocketman 15 May 2022
  • Dogecoin drops 15% after Anon Whales shift 250 million DOGE

    Dogecoin drops 15% after Anon Whales shift 250 million DOGE

    rocketman 15 May 2022

htmagazine
About HTmagazine was created in 2015 , and covers the intersection of Technology, Lifestyle, Business, Entertainment, and Culture.

Follow us

Newslater

Those an equal point no years do. Depend warmth fat but her but played. Shy and subjects wondered

Random Posts

Terra to fork and remove UST, Do Kwon says in new rescue plan

Terra to fork and remove UST, Do Kwon says in new rescue plan

Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

Luna Foundation Guard confirms it sold 80,081 bitcoins to try prevent the UST crash

Binance CEO says he’s ready to support Terra (LUNA) rebuild

Binance CEO says he’s ready to support Terra (LUNA) rebuild

Sam Bankman-Fried: UST crash was ‘predictable’

Sam Bankman-Fried: UST crash was ‘predictable’

Dogecoin drops 15% after Anon Whales shift 250 million DOGE

Dogecoin drops 15% after Anon Whales shift 250 million DOGE

Tags

Bitcoin BTC buy CEO crypto cryptos gained heres market places price stocks today token top
© Copyright 2021, All Rights Reserved