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<ul> 
 <li>Elite crypto and Bitcoin (BTC) trader shares his insight on Bitcoin’s future.</li> 
 <li>He talks about the ongoing WMA200 weekly indicator that is crucial for the Bitcoin chart.</li> 
 <li>He also shines light on other important upcoming events for Bitcoin.</li> 
</ul> 
<p>Bitcoin (BTC) has been the subject of <a href="https://cryptonewsland.com/long-term-bitcoin-hodlers-increase-holdings-by-440k-btc/" target="_blank" rel="noopener noreferrer nofollow">much speculation and analysis</a> in recent weeks. So much so that traders and investors closely monitor its price movements. A recent report highlights the significance of the Weekly Moving Average 200 (WMA200) indicator. This could potentially influence major BTC price shifts in the coming weeks and months.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> – whats next ?<br><br>The big Sunday report, all you need to know:<br><br>For more than 8 weeks we speak about the importance of WMA200 ($30.190) weekly indicator, a top high tier indicator that can decide big BTC moves in the coming weeks and months. However, a big change… <a href="https://t.co/V4UdT8Qjw5" rel="noopener noreferrer nofollow">pic.twitter.com/V4UdT8Qjw5</a></p>— Doctor Profit 
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1683103108052787201?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2023</a> 
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<p>As we can see from the tweet above, a seasoned trader shares about <a href="https://cryptonewsland.com/bitcoin-btc-price-analysis-aug-week-3-to-4/" target="_blank" rel="noopener noreferrer nofollow">what to expect next for Bitcoin (BTC)</a>. The report discusses the importance of the WMA200 weekly indicator. His views say this is a key factor in determining BTC’s price movements. However, a major change occurred this week that may impact the cryptocurrency’s trajectory.</p> 
<p>The report provides technical analysis and psychological insights into BTC’s price movements. It predicts the asset may enter a sideways movement and target two liquidity pools within the $31,700 – $29,000 range.&nbsp;</p> 
<p>Furthermore, the analysis indicates that there is more liquidity on the downside than on the upside. So, losing the WMA200 on the daily chart is mostly a negative sign for BTC. The first target mentioned in the report is the liquidity pool at $29,000, with a possible retest of the EMA50 daily.&nbsp;</p> 
<p>If the daily candle closes below EMA50, the next target is the liquidity pool at $27,000. This happens to coincide with the WMA200 weekly indicator. Adding on, the report emphasizes how the word ‘target’ does not guarantee hitting high levels within the next few days. This is because BTC’s price action depends on its reaction to certain levels.</p> 
<p>Meanwhile market makers are expected to target the $29,000 liquidity pool before deciding to continue upwards or potentially taking out the largest liquidity pool at $24,000. It is noted that there is almost no liquidity left in the upside, making the week of big volatility due to important economic data, including FOMC, crucial for potentially taking out the $29,000 liquidity pool.</p> 
<p>Finally, the report provides an outlook on important events for the upcoming week. These include manufacturing and services PMI, CB Consumer Confidence, FOMC, Unemployment Claims, and Core PCE Price Index, which may have implications for BTC’s price movements.</p> 
<p>Lastly, the report concludes with links to <a href="https://t.co/tPUIwfoBxA" target="_blank" rel="noopener noreferrer nofollow">premium membership</a> and <a href="https://t.co/zkdgaR6H3c" target="_blank" rel="noopener noreferrer nofollow">free Telegram channels</a> for further updates and analysis on BTC’s price trends. Note that all crypto traders and investors are highly advised to their own research along with external reports to manage risks.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/sp-500-bounced-off-support-crypto-rally-underway/" rel="noopener noreferrer nofollow">S&amp;P 500 Bounced Off Support, Crypto Rally Underway?</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-shows-bullish-divergence-after-price-bounces-from-25-3k-support/" rel="noopener noreferrer nofollow">Bitcoin Shows Bullish Divergence After Price Bounces From $25.3K Support</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-has-been-at-a-standstill-for-4-days-heres-whats-ahead/" rel="noopener noreferrer nofollow">Bitcoin Has Been at a Standstill for 4 Days. Here’s What’s Ahead</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoins-boring-sideways-movement-around-30000/" rel="noopener noreferrer nofollow">Bitcoin’s Boring Sideways Movement Around $30,000, Lower Pool in Sight</a></li> 
 <li><a href="https://cryptonewsland.com/bitcoin-liquidity-pool-at-31600-31700/" rel="noopener noreferrer nofollow">Bitcoin Liquidity Pool at $31,600 – $31,700 Sparks Market Maker Interest</a></li> 
</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/top-indicators-to-look-out-for-bitcoins-btc-bounce-back/">Top Indicators to Look Out for Bitcoin’s (BTC) Bounce Back</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Top Indicators to Look Out for Bitcoin’s (BTC) Bounce Back

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