{"id":452051,"date":"2022-05-24T17:15:00","date_gmt":"2022-05-24T14:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level\/"},"modified":"2022-05-24T17:15:00","modified_gmt":"2022-05-24T14:15:00","slug":"bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level\/","title":{"rendered":"# Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4024c90754d\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4024c90754d\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level\/#%E2%80%9D_Bitcoin_price_may_bottom_at_155K_if_it_retests_this_lifetime_historical_support_level_%E2%80%9C\" >&#8221; Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level\/#Bitcoin_floor_target_could_be_between_15500_and_19000\" >Bitcoin floor target could be between $15,500 and $19,000<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level\/#%E2%80%9CPay_attention%E2%80%9D_below_23000\" >&#8220;Pay attention&#8221; below $23,000<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_price_may_bottom_at_155K_if_it_retests_this_lifetime_historical_support_level_%E2%80%9C\"><\/span>&#8221; Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) could be in for a return to levels not seen since before its 2020 bull market if history repeats itself.<\/p>\n<p>That was according to new analysis released on May 24, which studied Bitcoin&#8217;s interaction with its 200-week moving average (WMA).<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_floor_target_could_be_between_15500_and_19000\"><\/span>Bitcoin floor target could be between $15,500 and $19,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1529075602132705281\">Twitter thread<\/a>, popular trader and analyst Rekt Capital explained how BTC\/USD could behave should it fall to retest the 200WMA.<\/p>\n<p>A lifeline throughout Bitcoin&#8217;s history, the 200WMA is a constantly rising line of last support which has never been definitively broken.\u00a0<\/p>\n<p>Currently sitting at around $22,000, data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a> shows, the level continues to act as a line in the sand when it comes to bear markets.<\/p>\n<p>In times past, Rekt Capital notes, Bitcoin has &#8220;wicked&#8221; below the 200WMA \u2014 briefly capitulating before rising back above, allowing it to remain as support and not instead flip to resistance.<\/p>\n<p>Those wicks, however, have involved up to 28% of spot price, meaning that should a similar wick occur now, Bitcoin would end up at $15,500.<\/p>\n<p>&#8220;BTC tends to wick -14% to -28% below the 200-MA. And since the $BTC 200-MA now represents the price point of ~$22000&#8230; A -14% downside wick below the 200-MA would result in a ~$19000 Bitcoin,&#8221; Rekt Capital wrote.<\/p>\n<blockquote><p>&#8220;And if BTC were to repeat the March 2020 downside wicking depth below the 200-MA $BTC would revisit the ~$15500 price point.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/23ce5164-a329-4589-8eae-5e11d688a344.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week candle chart (Bitstamp) with 200WMA. Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CPay_attention%E2%80%9D_below_23000\"><\/span>&#8220;Pay attention&#8221; below $23,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, much has been made of Bitcoin price action today compared to March 2020 at the height of the COVID-19 cross-market crash.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin dives to fill CME gap amid claim new all-time highs will take 2 years<\/em><\/strong><\/p>\n<p>Rekt Capital additionally examined historical drawdowns from all-time highs and Bitcoin&#8217;s &#8220;death crosses&#8221; this month, producing a BTC price target of $22,700 \u2014 almost exactly at the current 200WM.<\/p>\n<p>&#8220;BTC is slowly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roaching the 200-MA Historically, the 200-MA tends to offer fantastic opportunities with outsized ROI for long-term $BTC investors (green circles),&#8221; he added alongside a chart showing interactions. <\/p>\n<blockquote><p>&#8220;Should BTC indeed reach the 200-MA support&#8230; It would be wise to pay attention.&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/4d4921b2-207a-4950-81c6-61d772e3b9f7.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart with 200-week MA. Source: Rekt Capital\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>Fellow analyst PlanB, creator of the stock-to-flow BTC price models, has also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/planb-bitcoin-price-near-200-week-moving-average\/\">long championed<\/a> the role of the 200WMA as support.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-may-bottom-at-15-5k-if-it-retests-this-lifetime-historical-support-level\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin price may bottom at $15.5K if it retests this lifetime historical support level &#8220; Bitcoin (BTC) could be in for a return to levels not seen since before its 2020 bull market if history repeats itself. That was according to new analysis released on May 24, which studied Bitcoin&#8217;s interaction with its 200-week&#8230;<\/p>\n","protected":false},"author":1,"featured_media":452052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvMDAzNjI0OWYtY2QzMC00YjQ3LTk1N2QtOGZmYzA1ZmMwZDhhLmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-452051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=452051"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/452051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/452052"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=452051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=452051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=452051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}