{"id":13364,"date":"2022-11-25T16:31:31","date_gmt":"2022-11-25T16:31:31","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/11\/25\/bitcoin-bulls-get-rejected-as-16700-proves-too-strong-here-is-what-to-expect\/"},"modified":"2022-11-25T16:31:31","modified_gmt":"2022-11-25T16:31:31","slug":"bitcoin-bulls-get-rejected-as-16700-proves-too-strong-here-is-what-to-expect","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/11\/25\/bitcoin-bulls-get-rejected-as-16700-proves-too-strong-here-is-what-to-expect\/","title":{"rendered":"Bitcoin Bulls Get Rejected As $16,700 Proves Too Strong; Here Is What To Expect"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<ul>\n<li><strong><span data-preserver-spaces=\"true\">BTC\u2019s value is rejected from breaking above $16,700 as this area is just too sturdy for bulls.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">BTC\u2019s value stays bearish within the excessive timeframe as most merchants and traders stay cautious.\u00a0<\/span><\/strong><\/li>\n<li><strong><span data-preserver-spaces=\"true\">BTC\u2019s value bounces from a low of $15,500 on the day by day timeframe as the value reclaims $16,500 as value struggles to interrupt greater above the 50 <a href=\"https:\/\/www.investopedia.com\/terms\/e\/ema.asp\" target=\"_blank\" rel=\"noopener\">Exponential Moving Average<\/a> (EMA)<\/span><\/strong><\/li>\n<\/ul>\n<p><span data-preserver-spaces=\"true\">The value motion demonstrated by Bitcoin (BTC) in current occasions has been higher than the earlier week because the market suffered from some value decline affecting most crypto property. Despite the reduction bounce from Bitcoin (BTC), the value nonetheless trades under the important thing area of curiosity that will entice the eye of many consumers. The Domino impact of the FTX saga and different big traders has left the market at a standstill because the market is but to make a significant transfer resulting in a lot concern about the place the market might be headed. (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\">Despite the uncertainty and turbulence that has affected the value of Bitcoin (BTC) and the crypto market at massive, many altcoins are struggling for survival, making an attempt to remain afloat as the costs of altcoins proceed a downward value motion.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin (BTC) has suffered extra value loss, as the value dropped from a excessive of $69,500 to a weekly low of $15,500, resulting in hypothesis of an additional drop to $12,000.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">BTC\u2019s value declined from a weekly area of $20,500 to a area of $15,500 as a result of FTX fiasco, as the value discovered minor assist to carry the sell-off in value to an additional weekly low.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The value of BTC bounced off from $15,500, rallying to a excessive of $16,700, the place the value confronted rejection breaking greater. The value of BTC wants to carry above $16,000 to maintain alive the hope of a reduction bounce.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly resistance for the value of BTC \u2013 $18,500.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Weekly assist for the value of BTC \u2013 $15,500.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Price Analysis Of BTC On The Daily (1D) Chart<\/span><\/h2>\n<figure id=\"attachment_510110\" aria-describedby=\"caption-attachment-510110\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-large wp-image-510110\" src=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11-860x569.png\" alt=\"\" width=\"860\" height=\"569\" srcset=\"https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11-860x569.png 860w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11-460x304.png 460w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11-768x508.png 768w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11-1536x1017.png 1536w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11-750x496.png 750w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11-1140x755.png 1140w, https:\/\/newsbtc.com\/wp-content\/uploads\/2022\/11\/BTCUSDT_2022-11-25_16-57-11.png 1692w\" sizes=\"auto, (max-width: 860px) 100vw, 860px\"\/><figcaption id=\"caption-attachment-510110\" class=\"wp-caption-text\">Daily BTC Price Chart | Source: BTCUSDT On <a href=\"https:\/\/www.tradingview.com\/x\/pbpgzWxv\/\" target=\"_blank\" rel=\"noopener\">Tradingview.com<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The value of BTC stays significantly sturdy within the day by day timeframe as the value trades above $16,000 after BTC noticed its value decline from $20,500 to $15,500 because the market continues in its state of uncertainty.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">BTC\u2019s value continues to battle as value goals for extra reduction bounce from this area. The value of BTC must reclaim and commerce above $18,500 for a short-term reduction bounce. If the value of BTC fails to flip the area of $17,500, we may see extra rejection in BTC value to a area of $15,500 and even decrease.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily resistance for the BTC value \u2013 $17,500.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Daily assist for the BTC value \u2013 $15,500.<\/span><\/p>\n<pre style=\"text-align: center\"><span data-preserver-spaces=\"true\">Featured Image From zipmex, Charts From Tradingview\u00a0<\/span><\/pre>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/newsbtc.com\/analysis\/bitcoin-bulls-get-rejected-as-16700-proves-too-strong-here-is-what-to-expect\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] BTC\u2019s value is rejected from breaking above $16,700 as this area is just too sturdy for bulls.\u00a0 BTC\u2019s value stays bearish within the excessive timeframe as most merchants and traders stay cautious.\u00a0 BTC\u2019s value bounces from a low of $15,500 on the day by day timeframe as the value reclaims $16,500 as value struggles [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13366,"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":[20,640,1292,2483,2516,347],"class_list":["post-13364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market","tag-bitcoin","tag-bulls","tag-expect","tag-proves","tag-rejected","tag-strong","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\/13364","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=13364"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13364\/revisions"}],"predecessor-version":[{"id":13365,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/13364\/revisions\/13365"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/13366"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=13364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=13364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=13364"}],"curies":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