The dead cat bounces? Bitcoin price nears $23,000 in new 5-month high
Bitcoin is close to recovering its 200-week moving average, but traders are still very wary of the BTC price bullish trend.
![Dead cat bounce? Bitcoin price approaching $23,000 in top 5 month fee](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/022c0ec1-66be-423d-ae37-180bb84a6bd3.jpg)
![The dead cat bounces? Bitcoin price nears $23,000 in new 5-month high](https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjMtMDEvMDIyYzBlYzEtNjZiZS00MjNkLWFlMzctMTgwYmI4NGE2YmQzLmpwZw==.jpg?#)
Bitcoin is close to recovering its 200-week moving average, but traders are still very wary of the BTC price bullish trend.
![Dead cat bounce? Bitcoin price approaching $23,000 in top 5 month fee](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror= redirect,quality=90,width=1434/https://s3.cointelegraph.com/uploads/2023-01/022c0ec1-66be-423d-ae37-180bb84a6bd3.jpg)
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