{"id":502082,"date":"2022-09-13T12:35:41","date_gmt":"2022-09-13T12:35:41","guid":{"rendered":"https:\/\/ktsl888.com\/?p=502082"},"modified":"2022-09-13T11:56:04","modified_gmt":"2022-09-13T11:56:04","slug":"bitcoin-price-this-close-to-reclaim-23000","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/","title":{"rendered":"Bitcoin Price This Tad Close To Reclaim $23,000 \u2013 Will It Hit The Target?"},"content":{"rendered":"<p><span style=\"font-weight: 400\"><em>Bitcoin (BTC) easily brushed past the $22,500 mark today as seen a couple of hours ago.<\/em> <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bitcoin now trades at $22,342.12<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">BTC\u2019s bull run triggered by Ethereum Merge<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Bitcoin registered 18% gains so far since September 9<\/span><\/li>\n<\/ul>\n<p>Bitcoin was able to peak on a Monday and as shown on Coingecko charts, BTC was trading at $22,610, up 14.5% in the last seven days.<\/p>\n<p><span style=\"font-weight: 400\">The gains that BTC have registered is said to be brought about by the uptick in the stock market \u2013 kind of like a domino effect.<\/span><\/p>\n<div class=\"related-reading-shortcode\">\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/chainlink-integrates-new-tech\/\">Chainlink Integrates New Tech, And It\u2019s Going Green \u2013 Healthy For LINK?<\/a><\/div>\n<\/div>\n<h2><b>BTC Offshoots Key Resistance Of $21K<\/b><\/h2>\n<p><span style=\"font-weight: 400\">James of \u201cInvest Answers\u201d, a popular Bitcoin trader and influencer, have this notion that BTC is now veering towards the $24K mark. <\/span><\/p>\n<p><span style=\"font-weight: 400\">But, crypto experts are also quick to warn traders to be wary and avoid executing a pump-and-dump maneuver especially due to extremely risky macroeconomic conditions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On September 9, BTC has registered a nearly 20% gain so far and moved close towards the long-term descending trendline with a key resistance at $23,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It seems that Bitcoin\u2019s bullish movement has been triggered by the Ethereum Merge which is announced to be rolled out on September 14. BTC was also able to bounce back from a nearly oversold zone at 32 to now at a reading of 39.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On-chain metrics also show the appearance of a bullish divergence with the RSI forming an ascending trendline with the coin\u2019s weekly candlesticks cascading down.<\/span><\/p>\n<div class=\"related-reading-shortcode\">\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/cardano-on-white-house-crosshair\/\">Cardano On White House Crosshair Can Push ADA Up This Route<\/a><\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">More so, BTC\u2019s MACD has also managed to cross over following a spike in buying activity.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Since January, Bitcoin price has been straight bearish showing one low after another. <\/span><\/p>\n<p><span style=\"font-weight: 400\">With that in mind, traders must keep an eye on a BTC price push that goes above $25,600 or a breach to the 200-MA at the $30K zone that hints an optimistic change in trends. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The key here is to wait and see whether the <\/span><i><span style=\"font-weight: 400\">bull run<\/span><\/i><span style=\"font-weight: 400\"> will continue or if the current trend remains consistent.<\/span><\/p>\n<h2><b>CPI, PPI Date To Be Released September 13<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Several macroeconomic conditions continue to cause rapid fluctuations in the market. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The U.S. Federal Reserve is set to continue battling inflation with Jerome Powell, Fed chairman, having strong convictions that the central bank can push the inflation numbers under 2%. <\/span><\/p>\n<p><span style=\"font-weight: 400\">More so, Loretta Mester, Cleveland Fed President, and Neel Kashkari, Minneapolis Fed President are both strong advocates against the perils of inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">At this point, the CME Fed Watch Tool has revealed a 95% probability of 75 bps.\u00a0 The current interest target rate is at 225 to 250 bps but Mester says that the Fed might increase the interest rate above 400 bps in the quest to fight off inflation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">CPI date is set to be rolled out on September 13, alongside the CPI for both Euro and UK, as well as the PPI for the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> <img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/U5v2AjkS\/\" width=\"1834\" height=\"875\"><\/span><\/p>\n<pre style=\"text-align: center\">BTC total market cap at $431 billion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nFeatured image from Coinpedia, Chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) easily brushed past the $22,500 mark today as seen a couple of hours ago. Bitcoin now trades at $22,342.12 BTC\u2019s bull run triggered by Ethereum Merge Bitcoin registered 18% gains so far since September 9 Bitcoin was able to peak on a Monday and as shown on Coingecko charts, BTC was trading at $22,610, up 14.5% in the last seven days. The gains that BTC have registered is said to be brought about by the uptick in the stock market \u2013 kind of like a domino effect. Related Reading: Chainlink Integrates New Tech, And It\u2019s Going Green \u2013 Healthy For LINK? BTC Offshoots Key Resistance Of $21K James of \u201cInvest Answers\u201d, a popular Bitcoin trader and influencer, have this notion that BTC is now veering towards the $24K mark. But, crypto experts are also quick to warn traders to be wary and avoid executing a pump-and-dump maneuver especially due to extremely risky macroeconomic conditions. On September 9, BTC has registered a nearly 20% gain so far and moved close towards the long-term descending trendline with a key resistance at $23,000. It seems that Bitcoin\u2019s bullish movement has been triggered by the Ethereum Merge which is announced to be rolled out on September 14. BTC was also able to bounce back from a nearly oversold zone at 32 to now at a reading of 39. On-chain metrics also show the appearance of a bullish divergence with the RSI forming an ascending trendline with the coin\u2019s weekly candlesticks cascading down. Related Reading: Cardano On White House Crosshair Can Push ADA Up This Route More so, BTC\u2019s MACD has also managed to cross over following a spike in buying activity. Since January, Bitcoin price has been straight bearish showing one low after another. With that in mind, traders must keep an eye on a BTC price push that goes above $25,600 or a breach to the 200-MA at the $30K zone that hints an optimistic change in trends. The key here is to wait and see whether the bull run will continue or if the current trend remains consistent. CPI, PPI Date To Be Released September 13 Several macroeconomic conditions continue to cause rapid fluctuations in the market. The U.S. Federal Reserve is set to continue battling inflation with Jerome Powell, Fed chairman, having strong convictions that the central bank can push the inflation numbers under 2%. More so, Loretta Mester, Cleveland Fed President, and Neel Kashkari, Minneapolis Fed President are both strong advocates against the perils of inflation. At this point, the CME Fed Watch Tool has revealed a 95% probability of 75 bps.\u00a0 The current interest target rate is at 225 to 250 bps but Mester says that the Fed might increase the interest rate above 400 bps in the quest to fight off inflation. CPI date is set to be rolled out on September 13, alongside the CPI for both Euro and UK, as well as the PPI for the United States. BTC total market cap at $431 billion on the daily chart | Source: TradingView.com Featured image from Coinpedia, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":502083,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1122,1144,65296,1946,8686,86840],"class_list":["post-502082","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btc-price","tag-btcusd","tag-ethbtc","tag-ethereum","tag-ethusd","tag-fed-reserve"],"acf":[],"yoast_head":"\n<title>Bitcoin Price This Tad Close To Reclaim $23,000 \u2013 Will It Hit The Target?<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) easily brushed past the $22,500 mark today as seen a couple of hours ago. 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Bitcoin now trades at $22,342.12 BTC\u2019s bull run triggered by\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-13T12:35:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-13T11:56:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Bitcoin-13.png\" \/>\n\t<meta property=\"og:image:width\" content=\"719\" \/>\n\t<meta property=\"og:image:height\" content=\"449\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/ktsl888.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Bitcoin Price This Tad Close To Reclaim $23,000 \u2013 Will It Hit The Target?\",\"datePublished\":\"2022-09-13T12:35:41+00:00\",\"dateModified\":\"2022-09-13T11:56:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/\"},\"wordCount\":489,\"publisher\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Bitcoin-13.png?fit=719%2C449\",\"keywords\":[\"bitcoin\",\"btc\",\"btc price\",\"btcusd\",\"ethbtc\",\"ethereum\",\"ethusd\",\"Fed Reserve\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/ktsl888.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/\",\"url\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/\",\"name\":\"Bitcoin Price This Tad Close To Reclaim $23,000 \u2013 Will It Hit The Target?\",\"isPartOf\":{\"@id\":\"https:\/\/ktsl888.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Bitcoin-13.png?fit=719%2C449\",\"datePublished\":\"2022-09-13T12:35:41+00:00\",\"dateModified\":\"2022-09-13T11:56:04+00:00\",\"description\":\"Bitcoin (BTC) easily brushed past the $22,500 mark today as seen a couple of hours ago. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/ktsl888.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Price This Tad Close To Reclaim $23,000 \u2013 Will It Hit The Target?","description":"Bitcoin (BTC) easily brushed past the $22,500 mark today as seen a couple of hours ago. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price This Tad Close To Reclaim $23,000 \u2013 Will It Hit The Target?","url":"http:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-price-this-close-to-reclaim-23000\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Bitcoin-13.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Bitcoin-13.png?fit=719%2C449"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btc price","btcusd","ethbtc","ethereum","ethusd","fed reserve"],"dateCreated":"2022-09-13T12:35:41Z","datePublished":"2022-09-13T12:35:41Z","dateModified":"2022-09-13T12:35:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price This Tad Close To Reclaim $23,000 \\u2013 Will It Hit The Target?\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-this-close-to-reclaim-23000\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-price-this-close-to-reclaim-23000\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Bitcoin-13.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/09\\\/Bitcoin-13.png?fit=719%2C449\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btc price\",\"btcusd\",\"ethbtc\",\"ethereum\",\"ethusd\",\"fed reserve\"],\"dateCreated\":\"2022-09-13T12:35:41Z\",\"datePublished\":\"2022-09-13T12:35:41Z\",\"dateModified\":\"2022-09-13T12:35:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/09\/Bitcoin-13.png?fit=719%2C449","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/502082"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=502082"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/502082\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/502083"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=502082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=502082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=502082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}