empty
13.09.2022 12:20 PM
Bitcoin Maintains Bullish Potential Above $22k: Will CPI Fuel Upside Momentum?

Bitcoin continues its upward movement and confidently consolidates above the $22k level. The cryptocurrency is slowly moving towards the next resistance area, which runs at $22.5k–$23.1k. At the same time, the ultimate target of the bullish movement can be called another retest of the upper boundary of the $18k–$25 wide range.

Bitcoin technical indicators show local weakness caused by the $22.6k resistance zone piercing, which triggered an increase in sellers' volumes. As a result, the RSI reached 60 and turned sideways. The stochastic oscillator has been in the overbought zone for the second day. The metric formed a bearish crossover and began to decline. These technical metrics indicate a local decrease in buying activity.

This image is no longer relevant

At the same time, the MACD remains bullish and maintains an upward movement towards the zero mark and the green zone. This is an important bullish signal indicating the presence of a medium-term upward movement. Given this, the local weakness of BTC can be interpreted as a healing correction. Most likely, with the opening of the American markets, the price will resume growth.

Alternative scenario for the development of events

Another scenario of the development of events, which is tied to fundamental factors, is also quite probable. Today, September 13, the statistics of the consumer price index for August will be published. In July, the figure fell to 8.5%, but the CPI forecast for August is 8.1%.

On the one hand, I want to be sure that the publication of financial statements will not affect the price of BTC in any way, given that the market is preparing to raise the key rate by 75 basis points. The "smart money" of the crypto market is already ready for a further fall in inflation, and the expected outcome of the event is embedded in the price of Bitcoin.

This image is no longer relevant

This means that the reaction of the market to the continued pace of falling inflation will be insignificant. Despite this, we can expect a local pullback of the price to the range of $20.5k–$21.1k. This may be due to the fixation of short-term positions by investors who bet on a further fall in inflation.

This image is no longer relevant

The ultimate target of the current upward movement of Bitcoin can be considered the $24k–$25k range. Subsequently, the price will again begin to decline due to the pressure of miners and macro trends. It is likely that this will be the last drop in the formation of the "triple bottom" pattern, which will subsequently lead to a significant upward movement of BTC/USD to the $27k–$28k area.

Will Bitcoin continue to be bullish?

As of September 13, the further upward movement of Bitcoin is not in doubt for the following factors:

  • correction of the DXY index, which has an inverse correlation with Bitcoin;
  • the upward movement of the S&P 500, which has a direct correlation with Bitcoin;
  • adaptation of the market to the publication of CPI reports and low volatility in the market.

This image is no longer relevant

Given these factors, Bitcoin will continue its upward movement towards the upper $24k–$25k swing area within the current wide range of $17.7k–$25k. The pace of growth may slow down in the next few days due to the activation of bears near the $22.6k level, as well as a potential pullback on news of rising inflation.

Artem Petrenko,
Especialista em análise na InstaForex
© 2007-2025
Selecionar intervalo de tempo
5
min
15
min
30
min
1
hora
4
horas
1
dia
1
s.
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO

Recommended Stories

Ethereum caiu. Bitcoin foi menos afetado

Apesar da implementação bem-sucedida da atualização de teste Pectra na nova testnet Hoodi — possivelmente o passo final antes do lançamento da atualização na rede principal do Ethereum, com foco

Jakub Novak 16:27 2025-03-28 UTC+2

Dicas de negociação para o mercado de criptomoedas em 28 de março

O Bitcoin e o Ethereum estão lutando para se manter à tona. Outra tentativa fracassada do Bitcoin de se sustentar acima dos US$ 88.000 resultou em vendas durante o pregão

Miroslaw Bawulski 16:21 2025-03-28 UTC+2

Dicas de negociação no mercado de criptomoedas em 27 de março (sessão norte-americana)

O Bitcoin não mostrou nada de interessante na primeira metade do dia. Apenas o Ethereum pôde ser negociado um pouco dentro de seu canal lateral, no qual ainda está preso

Miroslaw Bawulski 17:29 2025-03-27 UTC+2

Análise técnica do movimento intradiário de preços da criptomoeda Filecoin, quinta-feira, 27 de março de 2025.

Após romper com sucesso a linha inferior do canal em formato de Rising Wedge (cunha ascendente) no gráfico de 4 horas da criptomoeda Filecoin, e com seu movimento de preço

Arief Makmur 17:10 2025-03-27 UTC+2

Análise técnica do movimento intradiário de preços da Ethereum, quinta-feira, 27 de março de 2025.

Se nos próximos dias não houver um fortalecimento significativo — especialmente se o preço não romper e fechar acima do nível de 2549,05 no gráfico diário do Ethereum — isso

Arief Makmur 17:07 2025-03-27 UTC+2

Análise do BTC/USD. 27 de março. O Bitcoin não tem potencial de crescimento

A estrutura de ondas no gráfico de 4 horas do BTC/USD está bastante clara. Após a conclusão de uma tendência de alta composta por cinco ondas completas, iniciou-se uma fase

Chin Zhao 17:00 2025-03-27 UTC+2

O projeto de lei de regulamentação das criptomoedas nos EUA avança rapidamente.

Os legisladores dos EUA estão avançando rapidamente com propostas para regular os ativos digitais. Em breve, devem votar um projeto de lei sobre stablecoins e uma versão revisada da legislação

Jakub Novak 14:04 2025-03-27 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 26 de março

O Bitcoin e o Ethereum continuam a apresentar crescimento ativo, mas enfrentam desafios para superar os principais níveis de resistência. Ontem, o Bitcoin recuou após atingir US$ 88.400 e está

Miroslaw Bawulski 15:02 2025-03-26 UTC+2

Recomendações de negociação para o mercado de criptomoedas em 25 de março

O Bitcoin e o Ethereum atingiram níveis significativos, mas não conseguiram mantê-los. O Bitcoin subiu para US$ 88.600 antes de recuar e agora é negociado em torno de US$ 86.600

Miroslaw Bawulski 16:37 2025-03-25 UTC+2

Por que a queda do Bitcoin ainda não acabou?

Apesar do recente crescimento do mercado de criptomoedas, projeções mais otimistas e um retorno do Bitcoin à marca de US$ 100.000 ainda parecem irreais no momento. Dados da Glassnode indicam

Jakub Novak 13:35 2025-03-25 UTC+2
Não pode falar agora?
Faça sua pergunta no chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.