BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Is Bitcoin Making a Comeback? Indicators Suggest a Possible Reversal

BlockNews Team by BlockNews Team
June 28, 2022
in CRYPTO, INVESTING
Reading Time: 2 mins read
1
SHARES
13
VIEWS
Share on XShare in TelegramShare on Reddit

Everyone has been crabby and bearish since the eve of 2022, hitting an all-time low of extreme fears in June. Bitcoin skeptics said the cryptocurrency will die at a flatline of $0. However, with the power of technical analysis and backtested indicators, BTC and the rest of the altcoin market could rise again. 

This article is not meant to be financial advice. 

A Massive Buy on the 200-day Moving Average

While the paper-handed individuals screamed Bitcoin was dead, the media broadcasted terrible news, and critics smugged on the collapse from $69,000 to $17,700 in just eight months, buyers are looking into these as opportunities. Some people go YOLO into Bitcoin. Others want to play it smart. Alas, the 200-day MA on the 1-week timeframe makes the perfect chance for a buy-in. 

Crypto analyst Rekt Capital tweeted a thread on BTC touching the 200-day MA on the 1W timeline. He analyzed that the pullbacks of BTC on the 1W time show extreme fears from holders while traders buy into these fears. If you look at it, the indicator does work. It has already happened multiple times since 2015 until the pullback in 2019 and 2020. When the price hit the 200-day MA on 1W, the market reversed again into a bullish frenzy. 

Buying the Fear

December 2020 marked the last time BTC went under $24K. After that, the support level became $21,900, rallied to $41K, and tested at the $50K zone. 

Altcoin Sherpa’s tweeted analysis shows that the current $20K zone already has a strong support level. However, if it does fail in that area, BTC may exhaust around the $16K – $19K zone – which BTC is currently floating at the time of this writing.

Finally, the Market-Value-to-Realized-Value (MVRV) indicates that it’s the best time to accumulate on Bitcoin and other altcoins you like.

All is Still Uncertain

While this may seem like positive news for the crypto community inhaling hopium, Bitcoin could still go sideways and down under. Based on backtesting from the analyses I’ve mentioned above, the best is yet to come for anyone ready to buy low and sell high.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: Bitcoincrypto
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

What is Filecoin? A Full Review of FIL and its Huge Potential in 2025
CRYPTO

What is Filecoin? A Full Review of FIL and its Huge Potential in 2025

September 18, 2025
What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4
CHAINLINK

What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4

September 18, 2025
What Every Crypto Beginner Needs to Know Before Buying Their First Bitcoin
CRYPTO

What Every Crypto Beginner Needs to Know Before Buying Their First Bitcoin

September 18, 2025
First Ever U.S. Based Dogecoin ETF Launch Breaks Volume Records: What You Need to Expect Next
CRYPTO

First Ever U.S. Based Dogecoin ETF Launch Breaks Volume Records: What You Need to Expect Next

September 18, 2025
REX-Ospery XRP ETF Launch Breaks Records: First of Its Kind ETF Paving the Way for More Crypto ETFs
CRYPTO

REX-Ospery XRP ETF Launch Breaks Records: First of Its Kind ETF Paving the Way for More Crypto ETFs

September 18, 2025
FTX FTT Token Rallies 50% Following Strange Activity from SBF X Account
CRYPTO

FTX FTT Token Rallies 50% Following Strange Activity from SBF X Account

September 18, 2025
Load More

Related News

What is Filecoin? A Full Review of FIL and its Huge Potential in 2025

What is Filecoin? A Full Review of FIL and its Huge Potential in 2025

September 18, 2025
What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4

What Happened in Crypto Today? – September 18: Huge Altcoin News Going Into Q4

September 18, 2025
What Every Crypto Beginner Needs to Know Before Buying Their First Bitcoin

What Every Crypto Beginner Needs to Know Before Buying Their First Bitcoin

September 18, 2025
First Ever U.S. Based Dogecoin ETF Launch Breaks Volume Records: What You Need to Expect Next

First Ever U.S. Based Dogecoin ETF Launch Breaks Volume Records: What You Need to Expect Next

September 18, 2025
REX-Ospery XRP ETF Launch Breaks Records: First of Its Kind ETF Paving the Way for More Crypto ETFs

REX-Ospery XRP ETF Launch Breaks Records: First of Its Kind ETF Paving the Way for More Crypto ETFs

September 18, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews