Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bullish Continuation for XRP price shows possible recovery up to $ 4

2025-05-11

Bonk ready for launch like Bulls focuses on long-term SMA-Breakout

2025-05-11

Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

    2025-05-11

    Soonchain integrates into AGNT-HUB to elevate AI-driven web3 gaming

    2025-05-10

    China’s Beijing unveils 2-year DLT Development Action Plan

    2025-05-10

    Nexera and Pinkchain unite to Tokenize € 1.1 billion real estate pipeline with Shariah-compliant products

    2025-05-10

    Mint Blockchain integrates Chainlink CCIP to feed cross-chain connectivity

    2025-05-10
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10

    Partially completed Wave 5 says there is still room to run

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Will Bitcoin’s Bullish Rally Have a Pullback?
Bitcoin

Will Bitcoin’s Bullish Rally Have a Pullback?

2023-10-23No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • BTC continued its strong bullish rally, reversing the $29.4k price level to support.
  • However, there were signs of an impending pullback before the rally continued.

Bitcoins [BTC] The remarkable one-week pump extended past the $29.4k resistance level as bulls ramped up buying pressure. The bullish rally started on October 15 and at the time of writing, BTC gained 11.4%, from $26.8k to $29.9k.


Is your portfolio green? Check out the BTC profit calculator


A BTC price report from AMBCrypto on October 19 highlighted the opportunity for more gains after King Coin climbed to the $28.5k price zone. This analysis was validated over the past 48 hours, with buyers making another strong move from the $28.5k level.

This caused BTC to reverse the $29.4k level to support and underline the bullish outlook for continued gains above $30k.

Bulls have cleared another major obstacle

Bitcoin BTC price chart

Source: BTC/USDT on Trading View

The Moving Average Convergence Divergence (MACD) indicator highlighted the intensity of the current bullish rally. It recorded a bullish crossover above the zero mark, indicating a strong bullish bias.

Nevertheless, the Chaikin Money Flow (CMF) showed that capital inflows were moderate and hovered around the zero line. With the Relative Strength Index (RSI) reaching overbought territory, along with moderate capital inflows, a small pullback could occur in the near term.

This could lead BTC to retest the $29.4k support in the coming days before continuing the bullish uptrend, with $31k a long-term target for buyers.

See also  Assessing Whether Wormhole's 13.93% Rise Is the Start of a New Bull Rally

On the other hand, a sharp rejection of $30,000 could reintroduce bears to the market with a downward move. This is a possibility if the $29.4k support does not hold on a retest.

Longs and shorts are engaged in a fierce price battle

Source: Mint glass


Read Bitcoin’s [BTC] Price forecast 2023-24


The long/short ratio showed that both market participants were active in the market, with neither buyers nor sellers still dominating. The marginal difference between longs and shorts could determine a price decline or an extension of the bullish rally.

With the price approaching a significant liquidation level, traders should exercise caution before opening new positions. The information on the price charts at the time of writing suggested that BTC was still bullish. However, sellers were actively looking for short positions.

Source link

Bitcoins Bullish pullback rally
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bullish Continuation for XRP price shows possible recovery up to $ 4

2025-05-11

Bitcoin ETFs hit $ 40 billion intake and set the historical crypto record

2025-05-11

Ethereum’s TVL Spikes after 53%: Is this the sign of a large Eth -Rally?

2025-05-10

Bitcoin Advanced NVT is above this critical threshold – what it means for price action

2025-05-10
Add A Comment

Comments are closed.

Top Posts

Ethereum ‘Attractive’ to Bitcoin at the current level, says analyst Benjamin Cowen – here is his prospects

2025-02-14

Bitcoin Market can ‘cool’ within 4 to 6 weeks – but this is what needs to be done

2025-03-23

Rates, whales and volatility ahead

2025-03-31
Editors Picks

Will this help if Avalanche looks to beat the Bears?

2023-10-17

According to the founder, 1,000,000,000 Jupiter (JUP) tokens will be dropped to Solana Wallets in January

2023-12-17

Canada’s financial regulator fines Binance Holdings $4,300,000 for alleged anti-money laundering failures: report

2024-05-12

Analyst predicts price increase to $22

2024-02-02
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bullish Continuation for XRP price shows possible recovery up to $ 4

Bonk ready for launch like Bulls focuses on long-term SMA-Breakout

Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

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

  • bitcoinBitcoin(BTC)$103,958.570.26%
  • ethereumEthereum(ETH)$2,539.267.31%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.400.59%
  • binancecoinBNB(BNB)$663.080.24%
  • solanaSolana(SOL)$175.812.25%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2376618.33%
  • cardanoCardano(ADA)$0.812.58%
  • tronTRON(TRX)$0.2657110.89%
  • suiSui(SUI)$4.010.98%
  • chainlinkChainlink(LINK)$16.894.00%
  • avalanche-2Avalanche(AVAX)$25.165.37%
  • stellarStellar(XLM)$0.3103412.60%
  • shiba-inuShiba Inu(SHIB)$0.0000165.32%
  • hedera-hashgraphHedera(HBAR)$0.2117533.32%
  • the-open-networkToncoin(TON)$3.453.30%
  • bitcoin-cashBitcoin Cash(BCH)$416.07-0.21%
  • hyperliquidHyperliquid(HYPE)$24.73-0.66%
  • polkadotPolkadot(DOT)$5.110.44%
  • litecoinLitecoin(LTC)$103.19-0.73%
  • unus-sed-leoUNUS SED LEO(LEO)$8.31-4.24%
  • piPi(PI)$0.9427.93%
  • moneroMonero(XMR)$323.612.87%
  • bitget-tokenBitget Token(BGB)$4.994.90%
  • pepePepe(PEPE)$0.0000133.19%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.2210.87%
  • nearNEAR Protocol(NEAR)$3.3110.75%
  • bittensorBittensor(TAO)$454.691.43%
  • aptosAptos(APT)$6.025.20%
  • aaveAave(AAVE)$223.174.18%
  • okbOKB(OKB)$55.671.05%
  • ondo-financeOndo(ONDO)$1.052.15%
  • ethereum-classicEthereum Classic(ETC)$20.224.19%
  • internet-computerInternet Computer(ICP)$5.662.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.08-2.14%
  • kaspaKaspa(KAS)$0.1071601.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2669192.84%
  • render-tokenRender(RENDER)$5.355.20%
  • gatechain-tokenGateToken(GT)$22.28-0.21%
  • vechainVeChain(VET)$0.0314922.72%
  • crypto-com-chainCronos(CRO)$0.101563-0.62%
  • mantleMantle(MNT)$0.780.89%
  • ethenaEthena(ENA)$0.4059768.65%
  • arbitrumArbitrum(ARB)$0.47679722.96%
  • filecoinFilecoin(FIL)$3.225.38%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.895.41%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%
  • bitcoinBitcoin(BTC)$103,958.570.26%
  • ethereumEthereum(ETH)$2,539.267.31%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.400.59%
  • binancecoinBNB(BNB)$663.080.24%
  • solanaSolana(SOL)$175.812.25%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2376618.33%
  • cardanoCardano(ADA)$0.812.58%
  • tronTRON(TRX)$0.2657110.89%
  • suiSui(SUI)$4.010.98%
  • chainlinkChainlink(LINK)$16.894.00%
  • avalanche-2Avalanche(AVAX)$25.165.37%
  • stellarStellar(XLM)$0.3103412.60%
  • shiba-inuShiba Inu(SHIB)$0.0000165.32%
  • hedera-hashgraphHedera(HBAR)$0.2117533.32%
  • the-open-networkToncoin(TON)$3.453.30%
  • bitcoin-cashBitcoin Cash(BCH)$416.07-0.21%
  • hyperliquidHyperliquid(HYPE)$24.73-0.66%
  • polkadotPolkadot(DOT)$5.110.44%
  • litecoinLitecoin(LTC)$103.19-0.73%
  • unus-sed-leoUNUS SED LEO(LEO)$8.31-4.24%
  • piPi(PI)$0.9427.93%
  • moneroMonero(XMR)$323.612.87%
  • bitget-tokenBitget Token(BGB)$4.994.90%
  • pepePepe(PEPE)$0.0000133.19%
  • daiDai(DAI)$1.00-0.02%
  • ethena-usdeEthena USDe(USDE)$1.000.01%
  • uniswapUniswap(UNI)$7.2210.87%
  • nearNEAR Protocol(NEAR)$3.3110.75%
  • bittensorBittensor(TAO)$454.691.43%
  • aptosAptos(APT)$6.025.20%
  • aaveAave(AAVE)$223.174.18%
  • okbOKB(OKB)$55.671.05%
  • ondo-financeOndo(ONDO)$1.052.15%
  • ethereum-classicEthereum Classic(ETC)$20.224.19%
  • internet-computerInternet Computer(ICP)$5.662.41%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.08-2.14%
  • kaspaKaspa(KAS)$0.1071601.54%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2669192.84%
  • render-tokenRender(RENDER)$5.355.20%
  • gatechain-tokenGateToken(GT)$22.28-0.21%
  • vechainVeChain(VET)$0.0314922.72%
  • crypto-com-chainCronos(CRO)$0.101563-0.62%
  • mantleMantle(MNT)$0.780.89%
  • ethenaEthena(ENA)$0.4059768.65%
  • arbitrumArbitrum(ARB)$0.47679722.96%
  • filecoinFilecoin(FIL)$3.225.38%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.895.41%
  • usd1World Liberty Financial USD(USD1)$1.00-0.08%