{"id":388039,"date":"2021-12-31T18:00:47","date_gmt":"2021-12-31T15:00:47","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-holds-48k-as-final-wall-street-session-caps-60-ytd-gains-for-btc\/"},"modified":"2021-12-31T18:00:47","modified_gmt":"2021-12-31T15:00:47","slug":"bitcoin-holds-48k-as-final-wall-street-session-caps-60-ytd-gains-for-btc","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-holds-48k-as-final-wall-street-session-caps-60-ytd-gains-for-btc\/","title":{"rendered":"# Bitcoin holds $48K as final Wall Street session caps 60% YTD gains for BTC"},"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-6a412a03b0ea6\" 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-6a412a03b0ea6\" 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-holds-48k-as-final-wall-street-session-caps-60-ytd-gains-for-btc\/#Bitcoin_posts_60_year-to-date_gains\" >Bitcoin posts 60% year-to-date gains<\/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-holds-48k-as-final-wall-street-session-caps-60-ytd-gains-for-btc\/#At_least_100000_by_December_2022\" >At least $100,000 by December 2022<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin holds $48K as final Wall Street session caps 60% YTD gains for BTC <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) chipped away at its latest gains on Dec. 31 as the final trading session of 2021 opened on Wall St.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/8e329f3b-29cb-433c-8fc8-e739550fa2ea.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_posts_60_year-to-date_gains\"><\/span>Bitcoin posts 60% year-to-date gains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BITSTAMP\">TradingView<\/a>\u00a0tracked BTC\/USD as it meandered around the $48,000 mark, having reached multi-day highs of $48,550 hours earlier.<\/p>\n<p>The uptick had coincided with the December expiry on Bitcoin options, by far the biggest date on the options calendar at nearly $6 billion.\u00a0Conspicuous buying was recorded on U.S. professional exchange Coinbase Pro in the run-up to the event.<\/p>\n<p>With stocks heading higher in Asia, all eyes were on the potential for a final flourish against a background of concern over inflation in 2022.<\/p>\n<p>The S&amp;P 500 broke its 70th all-time high of the year on Dec. 30 at 4,806 points, but next year could look very different for equities thanks to the Federal Reserve. For\u00a0Jim Paulsen, chief investment strategist at the Leuthold Group, the future was bright \u2014 at least for H1.<\/p>\n<p>&#8220;A lot of people think we might give some of this back as we enter the new year,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-12-29\/s-p-will-top-5-000-before-correction-hits-in-2022-paulsen-says\">told<\/a> Bloomberg. <\/p>\n<blockquote><p>\u201cThat could h<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>en, but I think we\u2019re going to maybe go above 5,000 during the first half of the year on excitement that finally we may be moving COVID from a pandemic to an epidemic and on the realization that inflation is moderating.\u201d<\/p><\/blockquote>\n<p>BTC\/USD looked set to end the year around $19,000 higher than its starting position. Zooming out, Scott Melker, the popular trader and podcast host known as the Wolf of all Streets, argued that the long-term BTC\/USD spoke for itself.<\/p>\n<p>&#8220;You want to zoom out and feel bullish? Take a gander at the BTC yearly chart. Up Only,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1476919301428977674\">said<\/a> as part of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> comments on Dec. 31.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/cb31b6f5-42c9-4ec5-befa-6bcda0b3665c.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-month candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"At_least_100000_by_December_2022\"><\/span>At least $100,000 by December 2022<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Also in a celebratory mood, meanwhile, was PlanB, the quant analyst well known for his enduring but increasingly controversial stock-to-flow Bitcoin price models.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin can hit $333K &#8216;parabolically&#8217; if this BTC price fractal plays out<\/em><\/strong><\/p>\n<p>Reflecting, he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1476892780576354309\">noted<\/a> that Bitcoin was up 60% in USD terms in 2021, with stocks at 27% and gold trailing with -4%.<\/p>\n<p>Despite being nowhere near where he hoped it would be, BTC\/USD remains true to stock-to-flow&#8217;s permitted deviation, and is thus in line to hit its predicted average price of $100,000 by 2024.<\/p>\n<p>An accompanying survey from earlier in the week, which <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/100trillionUSD\/status\/1476168805785210880\">garnered<\/a> almost 180,000 responses, revealed that the majority of respondents believe that, one year from now, Bitcoin will trade somewhere between $100,000 and $200,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/8b097c14-03b2-4606-aac2-4d45044214c7.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin Twitter survey. Source: Twitter<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/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-holds-48k-as-final-wall-street-session-caps-60-ytd-gains-for-btc\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin holds $48K as final Wall Street session caps 60% YTD gains for BTC &#8221; Bitcoin (BTC) chipped away at its latest gains on Dec. 31 as the final trading session of 2021 opened on Wall St. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin posts 60% year-to-date gains Data from Cointelegraph Markets Pro&#8230;<\/p>\n","protected":false},"author":1,"featured_media":388040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvZDZlYzVjMzEtMjIxMC00MWU1LWI0MWUtMjNjZjliZWYyODY2LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785,68637],"class_list":["post-388039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/388039","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=388039"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/388039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/388040"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=388039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=388039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=388039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}