{"id":227586,"date":"2021-04-15T15:16:51","date_gmt":"2021-04-15T12:16:51","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-at-62k-great-buy-before-next-surge-says-fund-manager\/"},"modified":"2021-04-15T15:16:51","modified_gmt":"2021-04-15T12:16:51","slug":"bitcoin-at-62k-great-buy-before-next-surge-says-fund-manager","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-at-62k-great-buy-before-next-surge-says-fund-manager\/","title":{"rendered":"# Bitcoin at $62K \u2018great buy\u2019 before next surge, says fund manager"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ab6cda9b57\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ab6cda9b57\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-at-62k-great-buy-before-next-surge-says-fund-manager\/#Bitcoin_outlook_%E2%80%9Cwildly_bullish%E2%80%9D\" >Bitcoin outlook \u201cwildly bullish\u201d<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-at-62k-great-buy-before-next-surge-says-fund-manager\/#Sellers_cool_off_under_70000\" >Sellers cool off under $70,000<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin at $62K \u2018great buy\u2019 before next surge, says fund manager  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-5a136f3a>Bitcoin (BTC) looked set to retest previous all-time highs on Thursday as a fund manager called it a \u201cgreat opportunity to buy.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/bb1009e4-59c5-4203-b020-0eaade9f7075.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/\">TradingView<\/a> showed a 3.3% daily comedown for BTC\/USD taking aim at new support levels on Thursday.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_outlook_%E2%80%9Cwildly_bullish%E2%80%9D\"><\/span>Bitcoin outlook \u201cwildly bullish\u201d<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After surging to nearly $65,000 on Monday, Bitcoin began to consolidate in a new range as the buzz around Coinbase\u2019s successful Nasdaq listing cooled.<\/p>\n<p>At the time of writing, the largest cryptocurrency traded at around $62,600, around $700 higher than March\u2019s record of $61,700<\/p>\n<p>This area,\u00a0Vailshire Capital Management CEO Jeff Ross believes, should now set the scene for a support-resistance flip, which, if successful, will allow BTC\/USD to continue rising.<\/p>\n<p>\u201cHealthy retest of previous consolidation wedge ceiling. Macro view: Wildly bullish. On chain analytics: Wildly bullish,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VailshireCap\/status\/1382658912290172933\">wrote<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> on the day.<\/p>\n<blockquote><p>\u201cOpinion: Price should close above old \u2018ceiling\u2019 of ~$61,250, then surge higher. Great opportunity to buy before next leg higher.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Sellers_cool_off_under_70000\"><\/span>Sellers cool off under $70,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A look at exchange order books <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eared to confirm appetite even among ardent sellers for allowing Bitcoin a few thousand dollars\u2019 further growth on short timeframes.\u00a0<\/p>\n<p>On Binance, sell orders were lined up first at $65,000, with a more significant band of resistance now in place at $70,000 and $72,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/59b559b0-b7c5-4592-96e6-a3f3cdedc267.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD buy and sell order heatmap. Source: Material Indicators<\/em><\/figcaption><\/figure>\n<p>Those upper levels have long been the focus of analysts, with one even describing them as \u201cdestiny\u201d for the short term.<\/p>\n<p>Other on-chain metrics showed sustained engagement from investors across the board, with the total number of Bitcoin wallet addresses containing 0.01 BTC or more passing 9 million for the first time.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-04\/917a48d9-a658-4711-9880-ab607676d975.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin wallets with 0.01 BTC or more. Source: Glassnode<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-at-62k-great-buy-before-next-surge-says-fund-manager\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin at $62K \u2018great buy\u2019 before next surge, says fund manager &#8221; Bitcoin (BTC) looked set to retest previous all-time highs on Thursday as a fund manager called it a \u201cgreat opportunity to buy.\u201d BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Cointelegraph Markets Pro and TradingView showed a 3.3% daily comedown for BTC\/USD taking&#8230;<\/p>\n","protected":false},"author":1,"featured_media":227587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvODJiNzU2ODktZDA0My00ZWI4LThjMzctZDc1M2U3YjI5ZjY0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-227586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=227586"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/227586\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/227587"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=227586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=227586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=227586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}