• Coins
    • Bitcoin
    • Dogecoin
    • Ethereum
    • Litecoin
    • Ripple
    • Tron
    • NFT
  • Cryptonews
  • Blockchain
  • Metaverse
  • Regulation
  • Market Cap
What's Hot

Mastercard’s NFT leader Resignation letter Goes Viral; Here’s Why

02/04/2023

Top 10 most famous computer programmers of all time

02/04/2023

Aptos soars, and Orbeon Protocol is expected for 6000% gains

02/04/2023

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Trending
  • Mastercard’s NFT leader Resignation letter Goes Viral; Here’s Why
  • Top 10 most famous computer programmers of all time
  • Aptos soars, and Orbeon Protocol is expected for 6000% gains
  • Zuckerberg Still Big on the Metaverse
  • Lodestar announces the mega launch of v1.4.0
  • Voyager victim calls for trustee to seize control of the estate
  • Cosmos, Chainlink, and Orbeon Protocol
  • Top 5 NFTs Under 1 ETH To Buy in February 2023
Facebook Twitter Instagram
Center Crypto NewsCenter Crypto News
Demo
  • Coins
    1. Bitcoin
    2. Dogecoin
    3. Ethereum
    4. Litecoin
    5. Ripple
    6. Tron
    7. NFT
    8. View All

    Crypto Market Still Reeling As Bitcoin’s Break Above $24,000 Triggers Liquidations

    02/02/2023

    Bitcoin Short-Term Holder Profit Taking Reaches Levels Not Seen Since Nov. 2021

    02/02/2023

    Can Bitcoin (BTC) continue the bullish rally for the entire 2023?

    02/02/2023

    FED To Put Off Interest Rate Hikes, Bitcoin Rallies: Here’s Why

    02/02/2023

    Will DOGE reach $1 in 2023?

    01/31/2023

    Will Dogecoin (DOGE) break the long-term support of $0.05?

    12/19/2022

    Dogecoin surges 9%; Will DOGE outperform other altcoins?

    11/29/2022

    Dogecoin (DOGE) takes support from the 200 EMA curve!

    11/21/2022

    Ethereum price claims for $1.8K mark: Will ETH win?

    02/03/2023

    Total Ethereum Staked On Lido Finance Reaches New Milestone

    02/01/2023

    Ethereum Hovers Above $1,600, What’s The Next Move?

    01/26/2023

    Number Of New Ethereum Validators Remains Flat Ahead Of Shanghai Upgrade

    01/25/2023

    LTC is all set to surpass the $100 mark!

    01/31/2023

    Can Litecoin (LTC) surpass the $82 mark in the third attempt?

    01/12/2023

    Litecoin (LTC) outperforms its peers and showcases huge potential!

    01/04/2023

    Litecoin lacks a buying spree; Support remains relatively stronger

    12/08/2022

    SEC settles on security claim in LBRY case; community calls it a big win for crypto

    01/31/2023

    New Ripple president says her job is to continue to scale amid crypto winter

    01/27/2023

    Circle, Ripple reflect on Davos 2023

    01/26/2023

    Ripple, Binance impersonators target XRP holders via fake staking program

    01/25/2023

    Is it time for a long position in TRX?

    02/01/2023

    TRON spikes 5% today: Can TRX breakout continue?

    01/09/2023

    TRON is likely to regain its previous support of $0.06

    12/15/2022

    TRON (TRX) price plunge may be on the horizon

    12/08/2022

    Mastercard’s NFT leader Resignation letter Goes Viral; Here’s Why

    02/04/2023

    Top 5 NFTs Under 1 ETH To Buy in February 2023

    02/03/2023

    Yuga Labs Founder Steps Down From Operations For This Reason

    02/02/2023

    5 Newly Launched NFT Projects That May Skyrocket Next

    02/02/2023

    Mastercard’s NFT leader Resignation letter Goes Viral; Here’s Why

    02/04/2023

    Top 10 most famous computer programmers of all time

    02/04/2023

    Aptos soars, and Orbeon Protocol is expected for 6000% gains

    02/04/2023

    Zuckerberg Still Big on the Metaverse

    02/03/2023
  • Cryptonews

    Aptos soars, and Orbeon Protocol is expected for 6000% gains

    02/04/2023

    Cosmos, Chainlink, and Orbeon Protocol

    02/03/2023

    Binance Coin, Helium, and Orbeon Protocol lead market gains

    02/03/2023

    Crypto goes without any mention in the 2023 Union Budget

    02/02/2023

    ENS Domains can now be accessed via OVER’s Marketplace

    02/01/2023
  • Blockchain

    Lodestar announces the mega launch of v1.4.0

    02/03/2023

    KardiaChain partners with Vibranium Audits & revolutionizes dApp

    02/02/2023

    Djed goes live on Mainnet, beginning a new era of stablecoins

    02/01/2023

    Aave deploys V3 on Ethereum mainnet to mitigate user risk

    01/30/2023

    COTI makes an invaluable contribution to the boosting of Djed

    01/30/2023
  • Metaverse

    Top 10 most famous computer programmers of all time

    02/04/2023

    Zuckerberg Still Big on the Metaverse

    02/03/2023

    Affyn Reveals New Cities for NEXUS World Metaverse

    02/02/2023

    Preserving and reinventing music festival legacy in the metaverse

    02/02/2023

    Meta CEO Zuckerberg steadfast on metaverse plans despite $13.7B setback

    02/02/2023
  • Regulation

    Voyager victim calls for trustee to seize control of the estate

    02/03/2023

    US lawmakers renew request for answers from Silvergate on FTX: Report

    02/01/2023

    Panama’s Supreme Court to rule on cryptocurrency legislation

    01/30/2023

    CFTC’s Johnson urges Congress to expand commission’s crypto oversight powers

    01/28/2023

    Genesis sues Roger Ver for $20M over unsettled crypto options trades

    01/26/2023
  • Market Cap
Center Crypto NewsCenter Crypto News
Home»Coins»Bitcoin»Can BTC surpass 200 EMA?
Bitcoin

Can BTC surpass 200 EMA?

By 01/13/2023No Comments0 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin is a decentralized digital currency that utilizes blockchain technology to facilitate peer-to-peer transactions. Unlike fiat currencies, which are issued and controlled by governments, there is no central authority controlling the supply of Bitcoin.

One of the main differences between Bitcoin and fiat currencies is that the former has a limited supply, with a maximum of 21 million Bitcoins available for mining. In stark contrast, central banks can print fiat currencies at any time, which is a leading reason behind inflation.

Another difference is that Bitcoin transactions are recorded on a public ledger called the blockchain, which allows for transparency and immutability. Bitcoin also allows for increased financial freedom, as it is not controlled by any government or institution and can be sent and received anywhere in the world with an internet connection. Since BTC is not actively accepted by merchants and businesses and is banned by numerous countries, the adoption rate for BTC is still low compared to traditional currency.

Bitcoin has undergone a similar uptrend rally as other tokens, which confirms a fresh round of buying rallies in 2023. BTC has reached a market capitalization of $350 billion for the first time since the breakdown of November 2022.

BTC price action has witnessed a massive uptrend, with the positive breakout coming after its uptrend displayed in the regression trend. At current levels, BTC is trading very close to the 100 EMA curve or slightly above the same. With buying support from the current level, BTC could easily scale up to its next resistance at $21400 and above. Will Bitcoin succeed? Click here to know!

In comparison to the behavior of BTC near the $18000 level in the earlier stance has finally supported the token in a short breakout. With respect to the parallel channel, the trend seems to be strongly bullish, but ideally, one should wait for BTC to surpass the upper curve of the parallel channel to consider it a bull run confidently.

Retracements and profit booking are a common culture of cryptocurrencies, and when it comes to Bitcoin, a rally here could trigger a massive uptrend in the wider crypto markets. BTC’s next prime resistance would be the 200 EMA curve, currently trading in the vicinity of $21000 along with $21500. Hence a velocity can be expected to turn into mild profit booking at these levels. 

On weekly charts, Bitcoin should face resistance at $18400, $22000, and $24500. Hence one should be aware of the opportunities to make fresh entries and ride the bull run. RSI for BTC has entered the overbought zones of 75.

Hence, technicals can’t yet be trusted at this point but are entering at current levels. One should remain alert to any major selling scenario developing around the token. Transaction volumes on BTC are yet to reach all-time high levels. 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email

Related Posts

Crypto Market Still Reeling As Bitcoin’s Break Above $24,000 Triggers Liquidations

02/02/2023

Bitcoin Short-Term Holder Profit Taking Reaches Levels Not Seen Since Nov. 2021

02/02/2023

Can Bitcoin (BTC) continue the bullish rally for the entire 2023?

02/02/2023

Leave A Reply Cancel Reply

Top Posts
Cryptonews

Aptos soars, and Orbeon Protocol is expected for 6000% gains

02/04/2023
Cryptonews

Cosmos, Chainlink, and Orbeon Protocol

02/03/2023
Cryptonews

Binance Coin, Helium, and Orbeon Protocol lead market gains

02/03/2023

Subscribe to Updates

Get the latest Hot news from Center Crypto about Bitcoin, Altcoin, NFT, Market Updates Etc

Advertisement
Demo
Stay In Touch
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Mastercard’s NFT leader Resignation letter Goes Viral; Here’s Why

02/04/2023

Top 10 most famous computer programmers of all time

02/04/2023

Aptos soars, and Orbeon Protocol is expected for 6000% gains

02/04/2023
Get Informed

Subscribe to Updates

Get the latest Hot news from Center Crypto about Bitcoin, Altcoin, NFT, Market Updates Etc

© 2023 ThemeSphere. Designed by ThemeSphere.
  • Terms & Conditions
  • Contact
  • Privacy Policy
  • DMCA

Type above and press Enter to search. Press Esc to cancel.