{"id":606728,"date":"2023-02-10T22:54:27","date_gmt":"2023-02-11T04:54:27","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/02\/10\/bitcoin-price-to-regain-its-bull-run-above-this-level-here-is-the-target\/"},"modified":"2023-02-10T22:54:27","modified_gmt":"2023-02-11T04:54:27","slug":"bitcoin-price-to-regain-its-bull-run-above-this-level-here-is-the-target","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/02\/10\/bitcoin-price-to-regain-its-bull-run-above-this-level-here-is-the-target\/","title":{"rendered":"Bitcoin Price To Regain Its Bull Run Above This Level \u2013 Here Is The Target"},"content":{"rendered":"
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\"Bitcoin<\/figure>\n<\/div>\n
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Today the Crypto market has turned into a bloodbath after most of the cryptocurrencies have extended their loss. After Bitcoin<\/a> price started the year on a much positive note, it gave traders a hope for a major bull run. However, with its current trade action the market participants are once again doubting the crypto market stability.<\/p>\n

This crypto market clash was followed by SEC\u2019s crackdown on Kraken <\/a>for its unregistered sale of crypto staking. At the moment, Bitcoin is priced at $21,800 after a decrease of 4.23% over the last 24hrs.<\/p>\n

Bitcoin Juggles Between Bears And Bulls<\/h2>\n

Meanwhile, a renowned crypto analyst and trader known as Rekt Capital warns his followers over Twitter that Bitcoin might soon lose its major support area. As per the analyst Bitcoin needs to maintain its price action above $22,692 to keep the bulls active.<\/p>\n

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However, on the brighter side the trader still shows hope as he claims that the flagship currency still has a chance to regain its lost bull ride. Hence, he believes that the above said is the major level to watchout for.<\/p>\n

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#BTC<\/a> threatening to lose its multi-week Higher Low (green) after rejecting from ~$23400 resistance<\/p>\n

At this stage, $BTC<\/a> could still recover back into the green triangle & have this price action print as a downside wick<\/p>\n

This Higher Low is the one to watch$BTC<\/a> #Crypto<\/a> #Bitcoin<\/a> pic.twitter.com\/zdAVm0sodI<\/a><\/p>\n<\/div>\n

\u2014 Rekt Capital (@rektcapital) February 9, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Next, the analyst makes an effort to make his followers understand about crypto trading psychology. As per Rekt Capital, once a trader experiences a positive trade, the wish to get more of such trade increases. But the analyst urges to go against it and let go of that desire. This is because he believes that the next trade will be a more logical one rather than emotional.<\/p>\n

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After a successful trade, dopamine is released in the brain, leading to the desire to repeat this experience<\/p>\n

Try to go against this urge<\/p>\n

Let the euphoria of the win die down<\/p>\n

And allow enough time for your neurological chemistry to return to baseline#BTC<\/a> #Crypto<\/a> #Bitcoin<\/a><\/p>\n<\/div>\n

\u2014 Rekt Capital (@rektcapital) February 9, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

On the other hand, the trader also warns not to get carried away by Fear of Missing Out (FOMO).<\/p>\n

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If you FOMO on a green day\u2026<\/p>\n

You won’t have enough ammo to FOMO on a red day<\/p>\n

If you must FOMO \u2013 choose a red day#BTC<\/a> #Crypto<\/a> #Bitcoin<\/a><\/p>\n<\/div>\n

\u2014 Rekt Capital (@rektcapital) February 9, 2023<\/a><\/p><\/blockquote><\/div>\n<\/figure>\n

Hence, the next few days are very critical for Bitcoin price which will decide the future price action.<\/p>\n<\/div>\n

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Was this writing helpful?<\/h4>\n

No<\/span> Yes<\/span><\/h5>\n<\/div>\n
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\"Photo <\/a><\/p>\n

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Elena R<\/a><\/h3>\n

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

Read More<\/a>
\n Elena R<\/p>\n","protected":false},"excerpt":{"rendered":"

Today the Crypto market has turned into a bloodbath after most of the cryptocurrencies have extended their loss. After Bitcoin price started the year on a much positive note, it gave traders a hope for a major bull run. However, with its current trade action the market participants are once again doubting the crypto market<\/p>\n","protected":false},"author":1,"featured_media":606729,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,4759],"tags":[],"class_list":["post-606728","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","category-price"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/606728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=606728"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/606728\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/606729"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=606728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=606728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=606728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}