{"id":552130,"date":"2023-02-15T12:22:34","date_gmt":"2023-02-15T09:22:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-eyeing-next-big-move-which-could-see-19k-retest-analyst\/"},"modified":"2023-02-15T12:22:34","modified_gmt":"2023-02-15T09:22:34","slug":"bitcoin-eyeing-next-big-move-which-could-see-19k-retest-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-eyeing-next-big-move-which-could-see-19k-retest-analyst\/","title":{"rendered":"# Bitcoin eyeing &#8216;next big move&#8217; which could see $19K retest \u2014 analyst"},"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-6a316ba6664df\" 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-6a316ba6664df\" 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-eyeing-next-big-move-which-could-see-19k-retest-analyst\/#%E2%80%9D_Bitcoin_eyeing_%E2%80%98next_big_move_which_could_see_19K_retest_%E2%80%94_analyst_%E2%80%9C\" >&#8221; Bitcoin eyeing &#8216;next big move&#8217; which could see $19K retest \u2014 analyst &#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-eyeing-next-big-move-which-could-see-19k-retest-analyst\/#%E2%80%9CNext_big_move%E2%80%9D_due_for_Bitcoin\" >&#8220;Next big move&#8221; due for Bitcoin<\/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-eyeing-next-big-move-which-could-see-19k-retest-analyst\/#Trader_warns_of_%E2%80%9Cparabolic%E2%80%9D_US_dollar_move\" >Trader warns of &#8220;parabolic&#8221; U.S. dollar move<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_eyeing_%E2%80%98next_big_move_which_could_see_19K_retest_%E2%80%94_analyst_%E2%80%9C\"><\/span>&#8221; Bitcoin eyeing &#8216;next big move&#8217; which could see $19K retest \u2014 analyst &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-4bbf85c5>Bitcoin (BTC) is headed to either $28,000 or $19,000 and this week could decide all, fresh analysis says.<\/p>\n<p>In <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/52kskew\/status\/1625761703727349761\/photo\/1\">Twitter comments<\/a> on Feb. 15, popular trader Skew told followers that BTC\/USD is now in a \u201cpivotal area.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%80%9CNext_big_move%E2%80%9D_due_for_Bitcoin\"><\/span>&#8220;Next big move&#8221; due for Bitcoin<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Despite returning above $22,000 on the back of the Feb. 14 United States Consumer Price Index (CPI) print, Bitcoin has yet to resume the blistering rally which saw it gain 40% in January.<\/p>\n<p>After two weeks of consolidation, however, the time to make a decision is here, Skew believes.<\/p>\n<p>\u201cI think we&#8217;re setting up for the next big move,\u201d he summarized alongside a chart showing relevant BTC price targets.<\/p>\n<p>Those targets come in the form of $28,000 and $19,000 to the downside. Both somewhat echo others\u2019 perspectives from throughout the 2023 recovery, with the area im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely below $20,000 of particular interest.<\/p>\n<p>Current spot price levels, meanwhile, show that Bitcoin is testing a \u201cpivotal area here in a big range,\u201d Skew continued.<\/p>\n<p>\u201cNext couple days will be important,\u201d he added.<\/p>\n<p>Asked whether the odds favor one direction or another, the answer was less <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>etizing for bulls eager to continue the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">trip<\/a> toward $30,000.<\/p>\n<p>A combination of U.S. dollar strength, bond yields and stock market performance has already set up a problematic scenario for risk assets en masse, Skew explained.<\/p>\n<p>\u201cFrom here &amp; the structure of DXY \/ JPYUSD, makes sense for USD to rally into friday,\u201d a further post read. <\/p>\n<blockquote><p>\u201cThere is also dislocation between the 2Y &amp; ES; weakness in high beta assets today would confirm a move down in risk assets.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/d1a02a90-13f3-46db-9011-4e4a1914a641.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Skew\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Trader_warns_of_%E2%80%9Cparabolic%E2%80%9D_US_dollar_move\"><\/span>Trader warns of &#8220;parabolic&#8221; U.S. dollar move<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, the U.S. dollar index (DXY) is on the radar for many market participants this month after seeing a rebound of its own, potentially breaking a multi-month downtrend definitively.<\/p>\n<p><strong><em>Related:\u00a0Ethereum\u2019s $1.5K support weakens as ETH traders turn slightly bearish<\/em><\/strong><\/p>\n<p>DXY continued to hold ground reclaimed in its latest push higher on the day at around 103.5, data from\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/52ee169f-c4e1-4793-af46-9933f9439f9c.png\"><figcaption style=\"text-align: center;\"><em>U.S. dollar index (DXY) 1-day candle chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>For fellow trader and analyst TechDev, there is even cause to consider a \u201cparabolic\u201d return to form for DXY, with all the downside pressure on crypto and risk assets that this would imply.<\/p>\n<p>He referred to the relationship between the dollar and Chinese bond yields.<\/p>\n<p>\u201cInteresting that this liquidity signal just put in a similar double-bottom to DXY&#8217;s 2 years ago, before it went parabolic,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1624816848863735810\/photo\/1\">commented<\/a> on a chart on Feb. 12.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/800f9ce4-567e-4a31-accc-2879c095d87f.png\"><figcaption style=\"text-align: center;\"><em>Macro assets annotated chart. Source: TechDev\/ Twitter<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\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. 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In Twitter comments on Feb. 15, popular trader Skew told followers that BTC\/USD is now in a \u201cpivotal area.\u201d &#8220;Next big move&#8221; due&#8230;<\/p>\n","protected":false},"author":1,"featured_media":552131,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2023-02\/4cca400c-1537-4388-82d6-1b648b7e97e5.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,68637],"class_list":["post-552130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552130","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=552130"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/552130\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/552131"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=552130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=552130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=552130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}