{"id":18023,"date":"2023-02-18T14:18:16","date_gmt":"2023-02-18T14:18:16","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/02\/18\/will-bitcoin-price-rally-above-key-200-wma-level\/"},"modified":"2023-02-18T14:18:16","modified_gmt":"2023-02-18T14:18:16","slug":"will-bitcoin-price-rally-above-key-200-wma-level","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/02\/18\/will-bitcoin-price-rally-above-key-200-wma-level\/","title":{"rendered":"Will Bitcoin Price Rally Above Key 200-WMA Level?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/will-bitcoin-price-rally-above-key-200-wma-level-or-its-a-bull-trap\/about:blank\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\" data-rocket-lazyload=\"fitvidscompatible\" data-lazy-src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\"><br \/>\n<\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=iframe;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\" marginwidth=\"0\" marginheight=\"0\" hspace=\"0\" vspace=\"0\" frameborder=\"0\" scrolling=\"no\"><br \/>\n<\/iframe><\/noscript>\n<\/p>\n<p>Bitcoin value climbs almost 5% within the final 24 hours to hit a 24-hour excessive of $24,924. While macro indicators and hawkish U.S. Fed feedback <a href=\"https:\/\/coingape.com\/hawkish-fed-rhetoric-pulls-down-bitcoin-price-btc-by-4-does-the-party-end-sooner\/\" target=\"_blank\" rel=\"noopener\">dragged down BTC price<\/a> from a excessive of $25,134 earlier, recent information has lifted the worth once more.<\/p>\n<p>Moreover, the market sentiment stays optimistic, with the <span class=\"css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0\">Bitcoin<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> Fear and <\/span><span class=\"css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0\">Greed<\/span> <span class=\"css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0\">Index<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> at 60. Traders are additionally questioning if the <a href=\"https:\/\/coingape.com\/biggest-bull-trap-awaits-bitcoin-price-to-march-towards-30k\/\" target=\"_blank\" rel=\"noopener\">recent rally is a bull trap<\/a> and taking warning on account of \u201cGreed\u201d <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/BitcoinFear\/status\/1626899364961570823\" target=\"_blank\">sentiment<\/a> out there. However, there\u2019s a key degree that skilled buyers are watching.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<h2>Level To Watch Out For Bitcoin Price<\/h2>\n<p><a href=\"https:\/\/coingape.com\/price\/bitcoin\" target=\"_blank\" rel=\"noopener\">BTC price<\/a> is presently buying and selling at $24,585. Surpassing the $25,000 psychological degree can be a key momentum gainer for the market. However, buyers should control a key degree to verify a <a href=\"https:\/\/coingape.com\/glossary\/bull-market\/\" target=\"_blank\" rel=\"noopener\">bullish<\/a> momentum \u2014 the 200 Weekly Moving Average (WMA).<\/p>\n<p>The 200-WMA is among the simplest indicators {that a} dealer makes use of to assist determine long-term adjustments in path of Bitcoin. The current decline in Bitcoin value got here on account of resistance at 200-WMA, which is true above $25,000.<\/p>\n<figure id=\"attachment_139480\" aria-describedby=\"caption-attachment-139480\" style=\"width: 754px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-139480 \" alt=\"Bitcoin price\" width=\"754\" height=\"459\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/18182625\/BTCUSDT_2023-02-18_18-25-58.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-139480 \" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/02\/18182625\/BTCUSDT_2023-02-18_18-25-58.png\" alt=\"Bitcoin price\" width=\"754\" height=\"459\"\/><\/noscript><figcaption id=\"caption-attachment-139480\" class=\"wp-caption-text dfdfdf1\">Bitcoin Price at Weekly Timeframe<\/figcaption><\/figure>\n<p>If Bitcoin rallies above $25,000 and maintain above the extent, a significant bullish rally will doubtless observe. However, it\u2019s a robust resistance too and breaking above that degree can be difficult.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Meanwhile, the RSI at 60 exhibits energy within the Bitcoin value and Bollinger Bands are opening wider. Thus, the symptoms are bullish on Bitcoin and sign an upcoming value rally above $25,000.<\/p>\n<p><strong>Also Read: <\/strong><a href=\"https:\/\/coingape.com\/bitcoin-price-still-bullish-to-hit-30k-predicts-on-chain-data-and-crypto-analyst\/\" target=\"_blank\" rel=\"noopener\">Bitcoin Price Still Bullish To Hit $30K, Predicts On-Chain Data And Crypto Analyst<\/a><\/p>\n<h2>Macro Indicators Impacting BTC Price<\/h2>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>The U.S. Dollar Index (<a rel=\"nofollow noopener\" href=\"https:\/\/www.marketwatch.com\/investing\/index\/dxy\" target=\"_blank\">DXY<\/a>) dropped to 103.88 after hitting a excessive of 104.67 within the final 24 hours. An additional drop in U.S. greenback energy will convey extra upside transfer in Bitcoin value.<\/p>\n<p>Meanwhile, oil costs and U.S. 10-Year Treasury bond yield are additionally declining. It will drive the U.S. Federal Reserve to maintain rate of interest hikes away from the desk and announce a pivot later.<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/elon-musk-promises-to-monetize-user-content-soon\" target=\"_blank\" rel=\"noopener\">Elon Musk Promises To Monetize Twitter User Content Soon, Dogecoin To Pump?<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA139472\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his information about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency business for a considerable interval and is presently protecting all the newest updates and developments within the crypto business.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD139472\">\n<p>  The offered content material could embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any duty on your private monetary loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/will-bitcoin-price-rally-above-key-200-wma-level-or-its-a-bull-trap\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin value climbs almost 5% within the final 24 hours to hit a 24-hour excessive of $24,924. While macro indicators and hawkish U.S. Fed feedback dragged down BTC price from a excessive of $25,134 earlier, recent information has lifted the worth once more. Moreover, the market sentiment stays optimistic, with the Bitcoin Fear and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10627,"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":[3],"tags":[2649,20,336,116,110,439],"class_list":["post-18023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-200wma","tag-bitcoin","tag-key","tag-level","tag-price","tag-rally","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\/18023","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=18023"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18023\/revisions"}],"predecessor-version":[{"id":18024,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/18023\/revisions\/18024"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/10627"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=18023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=18023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=18023"}],"curies":[{"name"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