{"id":8824,"date":"2022-09-16T13:47:42","date_gmt":"2022-09-16T13:47:42","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/09\/16\/heres-when-bitcoin-btc-price-may-reclaim-the-200-wma-again\/"},"modified":"2022-09-16T13:47:42","modified_gmt":"2022-09-16T13:47:42","slug":"heres-when-bitcoin-btc-price-may-reclaim-the-200-wma-again","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/09\/16\/heres-when-bitcoin-btc-price-may-reclaim-the-200-wma-again\/","title":{"rendered":"Here&#8217;s When Bitcoin (BTC) Price May Reclaim The 200-WMA Again"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>\n<iframe loading=\"lazy\" src=\"https:\/\/coingape.com\/bitcoin-btc-price-may-reclaim-200-wma\/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>September has at all times been the worst month for Bitcoin traditionally. Bitcoin (BTC) value struggles to achieve the 200-WMA at $23K because it continues to dive under $20,000. However, the technical and on-chain information recommend the Bitcoin value ought to now rebound once more to the 200-WMA.<\/p>\n<div class=\"quads-location quads-ad90952 \" id=\"quads-ad90952\" style=\"float:none;margin:0px 0 0px 0;text-align:center;padding:0px 0 0px 0;\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=647x80;setID=509734\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"647\" height=\"80\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=647x80;setID=509734;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"647\" height=\"80\"\/><\/noscript><\/a>\n<\/div>\n<h2>Bitcoin (BTC) Price Awaits Massive Price Rally<\/h2>\n<p>The volatility within the crypto market because of the Federal Reserve\u2019s hawkish stance on price hikes has saved the Bitcoin (BTC) value at bay. Interestingly, the worth decline triggered extra folks to take the \u201cbuy-the-dip\u201d alternative.<\/p>\n<p>As talked about within the <a href=\"https:\/\/coingape.com\/bulls-take-over-bitcoin-btc-price-rally\/\" target=\"_blank\" rel=\"noopener\">previous report<\/a>, if the variety of new day by day addresses rises above 415,000 it&#8217;s going to affirm a Bitcoin backside and bulls will take over. According to Glassnode information, <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">new day by day addresses on the <\/span><span class=\"r-18u37iz\">BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> community have jumped over 417,354. Thus, the outlook is bullish and the Bitcoin value ought to begin rising once more.<\/span><\/p>\n<figure id=\"attachment_121766\" aria-describedby=\"caption-attachment-121766\" style=\"width: 680px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-121766\" alt=\" Bitcoin Number of New Addresses\" width=\"680\" height=\"420\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/16175733\/Bitcoin-Number-of-New-Addresses.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-121766\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/16175733\/Bitcoin-Number-of-New-Addresses.jpg\" alt=\" Bitcoin Number of New Addresses\" width=\"680\" height=\"420\"\/><\/noscript><figcaption id=\"caption-attachment-121766\" class=\"wp-caption-text\">Bitcoin Number of New Addresses. Source: Glassnode<\/figcaption><\/figure>\n<p>Crypto analyst <a rel=\"nofollow noopener\" href=\"https:\/\/twitter.com\/ali_charts\/status\/1570665698527186946\" target=\"_blank\">Ali Martinez<\/a> in a tweet reveals that the <span class=\"r-18u37iz\">BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> motion within the four-hour timeframe signifies the Bitcoin value rebounds every time it reaches the rising RSI trendline.<\/span><\/p>\n<blockquote>\n<p><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">\u201cThe question is whether, this time around, the trendline will hold again and help BTC <\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">regain some of the losses incurred.\u201d<\/span><\/p>\n<\/blockquote>\n<figure id=\"attachment_121767\" aria-describedby=\"caption-attachment-121767\" style=\"width: 668px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-121767\" alt=\" Bitcoin (BTC) Price Movement in 4Hr Timeframe\" width=\"668\" height=\"511\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/16181154\/Bitcoin-BTC-Price-Movement-in-4Hr-Timeframe.jpg\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-121767\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/09\/16181154\/Bitcoin-BTC-Price-Movement-in-4Hr-Timeframe.jpg\" alt=\" Bitcoin (BTC) Price Movement in 4Hr Timeframe\" width=\"668\" height=\"511\"\/><\/noscript><figcaption id=\"caption-attachment-121767\" class=\"wp-caption-text\">Bitcoin (BTC) Price Movement in 4Hr Timeframe. Source: Ali Martinez<\/figcaption><\/figure>\n<p>Meanwhile, Bitcoin value reveals no indicators of assist from miners and whales as shopping for strain stays weak. In truth, addresses holding 1000 BTC or extra proceed to say no. Recently, a number of dormant Bitcoin whales have bought their holdings. On the opposite hand, miners\u2019 reserves have declined repeatedly this yr. As per information by CryptoQuant, miners\u2019 reserves are at present 1.86 million.<\/p>\n<p>However, <span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">nearly 73.25% of all accounts with a <\/span><span class=\"r-18u37iz\">BTC<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\"> open place are going lengthy on <span class=\"r-18u37iz\">Binance Futures<\/span>. It signifies the merchants are shopping for at present ranges.<\/span><\/p>\n<h2>Major Triggers of Upside Movement<\/h2>\n<p>The Bitcoin (BTC) value development will principally rely upon the Fed price hike on September 21. While the 100 bps price hike is on the desk, Wall Street banks corresponding to <a href=\"https:\/\/coingape.com\/goldman-sachs-predicts-interest-rate-hike-for-next-three-months\/\" target=\"_blank\" rel=\"noopener\">Goldman Sachs believe<\/a> the Fed will go together with a 75 bps price hike.<\/p>\n<p>A <a href=\"https:\/\/coingape.com\/crypto-market-recovery-theres-more-to-it\/\" target=\"_blank\" rel=\"noopener\">continuous fall in the US dollar index<\/a> since September 7 spurred bullish sentiment out there to push the BTC value over $22,000. However, the US greenback index has once more jumped over 110. A decline within the index will affirm a bullish transfer.<\/p>\n<p>Institutional shopping for has elevated on the present stage. In truth, <a href=\"https:\/\/coingape.com\/bitcoin-price-bullish-microstrategy-files-sec-to-buy-btc\/\" target=\"_blank\" rel=\"noopener\">MicroStrategy buying more bitcoins<\/a> is the main set off right here to push the worth to the 200-WMA.<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA121758\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<p>\nVarinder 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 trade for a considerable interval and is at present overlaying all the most recent updates and developments within the crypto trade.\n<\/p>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" 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\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" 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\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD121758\">\n<p> The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn&#8217;t maintain any accountability to your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/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\/bitcoin-btc-price-may-reclaim-200-wma\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] September has at all times been the worst month for Bitcoin traditionally. Bitcoin (BTC) value struggles to achieve the 200-WMA at $23K because it continues to dive under $20,000. However, the technical and on-chain information recommend the Bitcoin value ought to now rebound once more to the 200-WMA. Bitcoin (BTC) Price Awaits Massive Price [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8826,"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":[2649,20,31,168,110,1399],"class_list":["post-8824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-200wma","tag-bitcoin","tag-btc","tag-heres","tag-price","tag-reclaim","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\/8824","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=8824"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/8824\/revisions"}],"predecessor-version":[{"id":8825,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/8824\/revisions\/8825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/8826"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=8824"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=8824"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=8824"}],"curies":[{"name":"wp","hre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