Rally

Terra Classic

Waves

Bitcoin

Resistance

<ul>
 <li>Bitcoin makes a perfect bounce off the MA100.</li>
 <li>Successful reclaim of the EMA50 by Bitcoin.</li>
 <li>Bitcoin’s current focus is on regaining the MA50, led by bulls.</li>
</ul>
<p>The cryptocurrency market is witnessing a robust performance by Bitcoin, characterized by significant technical rebounds and bullish momentum. In a notable show of resilience, Bitcoin has perfectly bounced at the 100-day moving average (MA100), an important technical indicator used by traders to gauge market trends.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <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> perfectly bounced at MA100<br><br>Bitcoin perfectly regained EMA50<br><br>Bitcoin is now regaining MA50<br><br>Bulls leading the way <a href="https://t.co/xwrEmChMBt" rel="noopener noreferrer nofollow">pic.twitter.com/xwrEmChMBt</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/1752118507548860690?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 29, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Following this bounce, Bitcoin has successfully reclaimed the 50-day Exponential Moving Average (EMA50), further cementing the positive sentiment among investors. The EMA50 is often seen as a critical level that can indicate short to medium-term market trends, and Bitcoin’s recovery above this mark is a bullish sign.</p>
<p>Now, the focus shifts to Bitcoin’s performance regarding the 50-day Moving Average (MA50). Regaining this level would be another strong indicator of bullish momentum, suggesting that the market could see further positive movement. The MA50 is a widely watched technical indicator, and its recovery can attract more buyers, adding to the upward pressure on Bitcoin’s price.</p>
<p>These technical milestones are indicative of a market led by bulls, displaying confidence and optimism in Bitcoin’s trajectory. The successful navigation of these key moving averages demonstrates not only the market’s technical strength but also the prevailing positive sentiment among investors.</p>
<p>In conclusion, Bitcoin’s recent performance, marked by its bounce at the MA100, reclaiming the EMA50, and now aiming to regain the MA50, showcases a market that is currently bullish. This technical rebound is a significant development for Bitcoin, potentially setting the stage for continued positive momentum in the cryptocurrency market.</p>
<h4 class="wp-block-heading" id="h-recommended-news">Recommended News :</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/ethereum-regains-2000-high-as-whales-make-subtle-waves/" rel="noopener noreferrer nofollow">Ethereum Regains $2,000 High as Whales Make Subtle Waves</a></li>
 <li><a href="https://cryptonewsland.com/arbitrums-1-42-hurdle-will-bulls-overpower-resistance-as-bitcoin-regains-28k/" rel="noopener noreferrer nofollow">Arbitrum’s $1.42 Hurdle: Will Bulls Overpower Resistance as Bitcoin Regains $28K?</a></li>
 <li><a href="https://cryptonewsland.com/terra-classic-regains-1b-market-cap-after-25-lunc-rally/" rel="noopener noreferrer nofollow">Terra Classic Regains $1B Market Cap After 25% LUNC Rally</a></li>
 <li><a href="https://cryptonewsland.com/expert-predicts-bitcoins-next-moves-amid-correction/" rel="noopener noreferrer nofollow">Expert Predicts Bitcoin’s Next Moves Amid Correction</a></li>
 <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>
</ul>
<p>The post <a href="https://cryptonewsland.com/bitcoin-bounces-back-bulls-eye-ma50-regain/" rel="noopener noreferrer nofollow">Bitcoin Bounces Back, Bulls Eye MA50 Regain</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Bitcoin Bounces Back, Bulls Eye MA50 Regain

Crypto News Land

Other articles published on Jan 30, 2024

How DeeStream (DST) is predicted to overtake Solana (SOL) and Tron (TRX) in 2024

dYdX Foundation Launches Liquid Staking for DYDX Token

Altcoins to Skyrocket Post-Bitcoin Halving: Cardano, Polkadot and InQubeta

Top Crypto Gainers Today on DEXTools – NEURALINK, BOBO, GTAI 2.0

Bitcoin ETF Advertisements Go Live On Google Search Platform In US

What is Ampleforth Governance Token?

Join our free newsletter for daily crypto updates!