{"id":11814,"date":"2022-10-31T17:58:55","date_gmt":"2022-10-31T17:58:55","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/10\/31\/bitcoin-price-analysis-ahead-of-its-monthly-close-will-20500-hold-as-support\/"},"modified":"2022-10-31T17:58:55","modified_gmt":"2022-10-31T17:58:55","slug":"bitcoin-price-analysis-ahead-of-its-monthly-close-will-20500-hold-as-support","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/10\/31\/bitcoin-price-analysis-ahead-of-its-monthly-close-will-20500-hold-as-support\/","title":{"rendered":"Bitcoin Price Analysis Ahead Of Its Monthly Close, Will $20,500 Hold As Support?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div wp_automatic_readability=\"88.882824087808\">\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">BTC\u2019s worth exhibits power because it bounces from a downtrend vary worth rallied to a excessive of $20,500 with eyes set on $22,000.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">BTC may rally extra as the value creates extra bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying greater.<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">BTC\u2019s worth stays sturdy on the every day timeframe abo the 50 Exponential Moving Average (EMA) as the value goals for extra rallies.<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The worth motion displayed by Bitcoin (BTC) previously few days has been impeccably excessive, with the value rallying from a low of $18,800 to a excessive of $21,500, forming a extra bullish bias with eyes set for extra rallies forward of its month-to-month shut. The crypto market is trying more and more welcoming as many altcoins proceed producing over 50% positive aspects. The likes of DOGE have seen some nice runs just lately, rallying from a low of $0.055 to a excessive of $0.15, with many others as Bitcoin (BTC) continues to steer the cost for extra worth recoveries. (Data from Binance)<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Bitcoin (BTC) Price Analysis On The Weekly Chart.<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Bitcoin (BTC) has struggled to regain its bullish momentum in latest instances; regardless of the uncertainty that has befallen the crypto house, the value of BTC has loved a measure of aid after exhibiting a lot power on the weekly low, rallying from a low of $18,800 to a excessive of $20,500 as the value of BTC fashioned assist above this area for extra rallies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Past weeks have been nothing in need of a boring and tough second for BTC and the entire of the crypto business as the value of BTC continued its vary between $18,800 to $19,200 earlier than exhibiting power to rally previous this area, appearing as a block for worth rallies.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">After its weekly shut of above $20,500, BTC\u2019s worth appeared stronger as the value of BTC equipped for extra upside worth strikes.; the value has confronted a minor rejection to interrupt greater to a area of $21,000.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the value of BTC \u2013 $21,200.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly assist for the value of BTC \u2013 $20,500-$19,800.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of BTC On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_508714\" aria-describedby=\"caption-attachment-508714\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-508714\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07-860x569.png\" alt=\"\" width=\"860\" height=\"569\" srcset=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07-860x569.png 860w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07-460x304.png 460w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07-768x508.png 768w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07-1536x1017.png 1536w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07-750x496.png 750w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07-1140x755.png 1140w, https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/BTCUSDT_2022-10-31_15-30-07.png 1692w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><figcaption id=\"caption-attachment-508714\" class=\"wp-caption-text\">Daily BTC Price Chart | Source: BTCUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/4uaBW0iG\/\" target=\"_blank\" rel=\"noopener\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">In the every day timeframe, the value of BTC continued to look sturdy as the value broke out of its descending triangle, with good quantity rallying to a excessive of $20,800 as BTC worth fashioned  assist round $20,500. Still, the value of BTC faces a bit rejection; flipping $21,200 into assist would result in extra upside to a area of $22,000 for BTC.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The worth of BTC is struggling to interrupt and shut above $21,200, which corresponds to the 32.8% Fibonacci retracement worth (Fib Value); if the value breaks and closes, we may see the value rally to $22,500 at 61.8% Fib worth.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the APE worth \u2013 $5-$6.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily assist for the APE worth \u2013 $4.5.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">32.8% Fib Value \u2013 $21,200<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">61.8% Fib Value \u2013 $22,500<\/span><\/p>\n<pre style=\"text-align: center\"><span data-preserver-spaces=\"true\">Featured Image From zipmex, Charts From Tradingview<\/span><\/pre>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.newsbtc.com\/analysis\/bitcoin-price-analysis-ahead-of-its-monthly-close-will-20500-hold-as-support\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] BTC\u2019s worth exhibits power because it bounces from a downtrend vary worth rallied to a excessive of $20,500 with eyes set on $22,000.\u00a0 BTC may rally extra as the value creates extra bullish bias by breaking out of a downtrend descending triangle with eyes set on rallying greater. BTC\u2019s worth stays sturdy on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[4],"tags":[1382,2551,20,1412,22,2635,110,162],"class_list":["post-11814","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-ahead","tag-analysis","tag-bitcoin","tag-close","tag-hold","tag-monthly","tag-price","tag-support","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/11814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=11814"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/11814\/revisions"}],"predecessor-version":[{"id":11815,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/11814\/revisions\/11815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/11816"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=11814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=11814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/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