{"id":506200,"date":"2022-10-13T19:17:49","date_gmt":"2022-10-13T19:17:49","guid":{"rendered":"https:\/\/wncen.com\/?p=506200"},"modified":"2024-06-11T14:27:30","modified_gmt":"2024-06-11T14:27:30","slug":"bitcoin-bounces-after-cpi-dump","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-bounces-after-cpi-dump\/","title":{"rendered":"Bitcoin Price Bounces After CPI Dump | BTCUSD Analysis October 13, 2022"},"content":{"rendered":"<p>In this episode of NewsBTC&#8217;s <a href=\"https:\/\/www.youtube.com\/watch?v=VXfyLKxyCCw&amp;list=PLcOfhdUALFaOXvxuoWoCWZoYXc7iq-brg\" target=\"_blank\" rel=\"noopener nofollow\">daily technical analysis videos<\/a>,\u00a0we are looking at the Bitcoin price bounce today after a steep selloff following the release of CPI numbers for September.<\/p>\n<p>Take a look at the video below:<\/p>\n<h2>VIDEO: Bitcoin Price Analysis (BTCUSD): October 13, 2022<\/h2>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">At 8:30AM ET this morning, updated <a href=\"https:\/\/www.bls.gov\/cpi\/\" target=\"_blank\" rel=\"noopener nofollow\">Consumer Price Index<\/a> figures were released to the public, prompting a sharp to-the-minute selloff in Bitcoin and the stock market. Within a couple of hours later, all intraday losses were recaptured in a swift move.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Consumer prices rose 0.4% in September and were up 8.2% year over year. The fact inflation isn\u2019t waning could prompt the Fed to further raise interest rates in November in December. Recent rate hikes are showing very little impact in curbing inflation.<\/span><\/p>\n<div class=\"jeg_video_container jeg_video_content\"><\/iframe><\/div>\n<div class=\"related-reading-shortcode\">\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/total-crypto-market-cap-meltdown\/\">Total Crypto Market Cap Meltdown | TOTAL Analysis October 12, 2022<\/a><\/div>\n<\/div>\n<h2>Bitcoin Price Bounces Back From Lower Bollinger Band<\/h2>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Today\u2019s move in Bitcoin price tapped the lower <a href=\"https:\/\/wncen.com\/topic\/bollinger-bands\/\">Bollinger Band<\/a>, but was quickly bought up after traveling outside it. Had BTCUSD been ready to break down, touching the lower would have been the time. Instead, price action snapped back and is brushing up against the middle-BB.\u00a0<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">With the Bollinger Bands squeezing, volatility should be released soon enough and after today\u2019s defense, the probability of a move up just increased significantly. Today\u2019s daily close making it above the middle-Bollinger Band would further improve the chances for upside.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-506204 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/BTCUSD_2022-10-13_15-39-44.png?resize=860%2C500\" alt=\"BTCUSD_2022-10-13_15-39-44\" width=\"860\" height=\"500\"><\/p>\n<pre style=\"text-align: center\">The Bollinger Bands appear ready to release volatility | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<h3>BTC Futures Escapes Bear Cross, Bulls Take Charge<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">On daily timeframes, the <a href=\"https:\/\/wncen.com\/topic\/macd\/\">LMACD<\/a> has crossed bearish on the BTCUSD spot index and other spot exchanges. Meanwhile, CME BTC price charts are still bullish and showing signs of diverging up.\u00a0<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Discrepancies in the LMACD between the spot index and CME Bitcoin futures in the past have been notable. During the 2021 second peak at $68K, spot Bitcoin exchanges had crossed bullish, while CME traders narrowly avoided the bull cross. The discrepancy happened at the exact top of the bull run.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">On the way down, ahead of the LUNA collapse, there was another discrepancy between spot exchange and CME futures using the LMACD. Spot once again flipped bullish, while CME stayed bearish the entire time.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-506203 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/BTC1_2022-10-13_15-38-50.png?resize=860%2C500\" alt=\"BTC1!_2022-10-13_15-38-50\" width=\"860\" height=\"500\"><\/p>\n<div class=\"related-reading-shortcode\">\n<pre style=\"text-align: center\">Could the discrepancy have been bait for retail traders? | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<p>Related Reading: <a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-woes-btcusd-analysis-october-11-2022\/\">The End of Bitcoin Woes? BTCUSD Analysis October 11, 2022<\/a><\/p>\n<\/div>\n<h3>TD9 Buy Signal Gets Perfected With Sweep Of Lows<\/h3>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">One thing is for certain: the weekly LMACD on both spot and CME are exactly the same. However, price action is not. CME was closed when we had a wick down to $17,500. This means that today\u2019s low swept all previous lows.<\/span><\/p>\n<p style=\"font-weight: 400\"><span style=\"font-weight: 400\">Because lows were swept on CME Bitcoin futures, it was enough movement to trigger a perfected TD9 buy setup on weekly timeframes.\u00a0<\/span><span style=\"font-weight: 400\">The perfected TD9 buy setup happened at a former failed TD9 sell signal, and a cluster of support that coincides with Bitcoin\u2019s former all-time high. If Bitcoin can stage a recovery here, the level might hold permanently.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-506202 aligncenter\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/BTC1_2022-10-13_15-36-18.png?resize=860%2C500\" alt=\"BTC1!_2022-10-13_15-36-18\" width=\"860\" height=\"500\"><\/p>\n<div class=\"related-reading-shortcode\">\n<pre style=\"text-align: center\">A TD9 buy setup has been perfected with the new low | Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSD on TradingView.com<\/a><\/pre>\n<\/div>\n<div class=\"related-reading-shortcode\">\n<p>Learn crypto technical analysis yourself with the NewsBTC Trading Course. <a href=\"https:\/\/wncen.com\/trading-courses\/\">Click here<\/a> to access the free educational program.<\/p>\n<p><b><i>Follow <\/i><\/b><a href=\"https:\/\/twitter.com\/tonyspilotroBTC\" rel=\"nofollow\"><b><i>@TonySpilotroBTC on Twitter<\/i><\/b><\/a><b><i> or join\u00a0<\/i><\/b><a href=\"https:\/\/t.me\/TonyTradesBTC\" rel=\"nofollow\"><b><i>the TonyTradesBTC Telegram<\/i><\/b><\/a><b><i> for exclusive daily market insights and technical analysis education<\/i><\/b><b><i>. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice.<\/i><\/b><\/p>\n<pre>Featured image from iStockPhoto, Charts from TradingView.com<\/pre>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>In this episode of NewsBTC&#8217;s daily technical analysis videos,\u00a0we are looking at the Bitcoin price bounce today after a steep selloff following the release of CPI numbers for September. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): October 13, 2022 At 8:30AM ET this morning, updated Consumer Price Index figures were released to the public, prompting a sharp to-the-minute selloff in Bitcoin and the stock market. Within a couple of hours later, all intraday losses were recaptured in a swift move. Consumer prices rose 0.4% in September and were up 8.2% year over year. The fact inflation isn\u2019t waning could prompt the Fed to further raise interest rates in November in December. Recent rate hikes are showing very little impact in curbing inflation. Related Reading: Total Crypto Market Cap Meltdown | TOTAL Analysis October 12, 2022 Bitcoin Price Bounces Back From Lower Bollinger Band Today\u2019s move in Bitcoin price tapped the lower Bollinger Band, but was quickly bought up after traveling outside it. Had BTCUSD been ready to break down, touching the lower would have been the time. Instead, price action snapped back and is brushing up against the middle-BB.\u00a0 With the Bollinger Bands squeezing, volatility should be released soon enough and after today\u2019s defense, the probability of a move up just increased significantly. Today\u2019s daily close making it above the middle-Bollinger Band would further improve the chances for upside. The Bollinger Bands appear ready to release volatility | Source: BTCUSD on TradingView.com BTC Futures Escapes Bear Cross, Bulls Take Charge On daily timeframes, the LMACD has crossed bearish on the BTCUSD spot index and other spot exchanges. Meanwhile, CME BTC price charts are still bullish and showing signs of diverging up.\u00a0 Discrepancies in the LMACD between the spot index and CME Bitcoin futures in the past have been notable. During the 2021 second peak at $68K, spot Bitcoin exchanges had crossed bullish, while CME traders narrowly avoided the bull cross. The discrepancy happened at the exact top of the bull run. On the way down, ahead of the LUNA collapse, there was another discrepancy between spot exchange and CME futures using the LMACD. Spot once again flipped bullish, while CME stayed bearish the entire time. Could the discrepancy have been bait for retail traders? | Source: BTCUSD on TradingView.com Related Reading: The End of Bitcoin Woes? BTCUSD Analysis October 11, 2022 TD9 Buy Signal Gets Perfected With Sweep Of Lows One thing is for certain: the weekly LMACD on both spot and CME are exactly the same. However, price action is not. CME was closed when we had a wick down to $17,500. This means that today\u2019s low swept all previous lows. Because lows were swept on CME Bitcoin futures, it was enough movement to trigger a perfected TD9 buy setup on weekly timeframes.\u00a0The perfected TD9 buy setup happened at a former failed TD9 sell signal, and a cluster of support that coincides with Bitcoin\u2019s former all-time high. If Bitcoin can stage a recovery here, the level might hold permanently. A TD9 buy setup has been perfected with the new low | Source: BTCUSD on TradingView.com Learn crypto technical analysis yourself with the NewsBTC Trading Course. Click here to access the free educational program. Follow @TonySpilotroBTC on Twitter or join\u00a0the TonyTradesBTC Telegram for exclusive daily market insights and technical analysis education. Please note: Content is\u00a0educational and should not be\u00a0considered investment advice. Featured image from iStockPhoto, Charts from TradingView.com<\/p>\n","protected":false},"author":517,"featured_media":506201,"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":[428,1119,1144,78790,6664,4524,76835],"class_list":["post-506200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-crypto","tag-xbt","tag-xbtusd"],"acf":[],"yoast_head":"\n<title>Bitcoin Price Bounces After CPI Dump | BTCUSD Analysis October 13, 2022<\/title>\n<meta name=\"description\" content=\"In this episode of NewsBTC&#039;s daily technical analysis videos,\u00a0we are looking at the Bitcoin price bounce today after a steep selloff following the release\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/bitcoin-bounces-after-cpi-dump\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Price Bounces After CPI Dump | BTCUSD Analysis October 13, 2022\" \/>\n<meta property=\"og:description\" content=\"In this episode of NewsBTC&#039;s daily technical analysis videos,\u00a0we are looking at the Bitcoin price bounce today after a steep selloff following the release\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/bitcoin-bounces-after-cpi-dump\/\" \/>\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=\"2022-10-13T19:17:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:27:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/10\/business-and-cpi-consumer-price-index-concept-text-cpi-consumer-price-picture-id1414898813-1.jpg?fit=1280%2C720\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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