{"id":405889,"date":"2022-02-15T18:15:23","date_gmt":"2022-02-15T15:15:23","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-spikes-to-44-5k-amid-fresh-warning-over-exceptionally-high-stocks-correlation\/"},"modified":"2022-02-15T18:15:23","modified_gmt":"2022-02-15T15:15:23","slug":"bitcoin-spikes-to-44-5k-amid-fresh-warning-over-exceptionally-high-stocks-correlation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-spikes-to-44-5k-amid-fresh-warning-over-exceptionally-high-stocks-correlation\/","title":{"rendered":"# Bitcoin spikes to $44.5K amid fresh warning over &#8216;exceptionally high&#8217; stocks correlation"},"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-6a414793a5da2\" 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-6a414793a5da2\" 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-spikes-to-44-5k-amid-fresh-warning-over-exceptionally-high-stocks-correlation\/#Resistance_attacks_slowly_form\" >Resistance attacks slowly form<\/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-spikes-to-44-5k-amid-fresh-warning-over-exceptionally-high-stocks-correlation\/#Stocks_risk_meets_buyer_power\" >Stocks risk meets buyer power<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin spikes to $44.5K amid fresh warning over &#8216;exceptionally high&#8217; stocks correlation <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) passed $44,500 at the Wall Street open on Feb. 15 with traders compounding overnight enthusiasm.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/759bc1ae-7a4c-43e4-b4ac-1cb3a875e4bb.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=\"Resistance_attacks_slowly_form\"><\/span>Resistance attacks slowly form<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=BINANCE\">TradingView<\/a>\u00a0tracked local highs of $44,543 for BTC\/USD on Bitstamp.<\/p>\n<p>Already up over 6% on the day, the pair saw a slow return to resistance levels after abruptly halting a multi-day downtrend toward the $40,000 mark.<\/p>\n<p>As Cointelegraph reported, events in Canada had <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 spawn a comeback, while <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that Russia was potentially taking steps to deescalate tensions on the border of Ukraine had no discernible impact on crypto markets.<\/p>\n<p>Stocks were more relieved, with the S&amp;P 500 up 1.4% during the first hour of trading.<\/p>\n<p>&#8220;Bitcoin\u00a0has broken out from its downtrending channel and reclaimed the 4HR range it had lost only a few days ago,&#8221; a hopeful Rekt Capital <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1493590641888182275\">summarized<\/a> in a fresh <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> update on the day.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/2d7d0998-57b4-4c5a-8320-dc13b47bd79e.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 4-hour annotated candle chart. Source: Rekt Capital\/ Twitter<\/em><\/figcaption><\/figure>\n<p>He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1493591120806391813\">added<\/a> that on longer timeframes, Bitcoin was attempting to crack the 50-week moving average to flip to support.<\/p>\n<p>&#8220;Turn it into support and this would confirm bullish bias for BTC,&#8221; he wrote.<\/p>\n<p>Not everyone was as confident, with popular trading account Johnny <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoGodJohn\/status\/1493599598400741378\">demanding<\/a> a flip of the yearly open above $46,000 to avoid waiting to &#8220;buy back lower&#8221; than current levels.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Stocks_risk_meets_buyer_power\"><\/span>Stocks risk meets buyer power<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Turning to on-chain data, the picture nonetheless called for &#8220;cautious optimism&#8221; based on buying behavior, despite macro risks.<\/p>\n<p><strong><em>Related: \u2018Up only\u2019 for BTC fundamentals \u2014 5 things to watch in Bitcoin this week<\/em><\/strong><\/p>\n<p>According to Twitter analytics account <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ecoinometrics\/status\/1493495158410985474\">Ecoinometrics<\/a>, investors both big and small making BTC allocations countered potential pressure on Bitcoin from falling stocks in the event of a rate hike from the United States Federal Reserve.<\/p>\n<p>&#8220;The whales are buying. The small fish are buying. That&#8217;s all good for Bitcoin,&#8221; it wrote.<\/p>\n<p>Analysts highlighted &#8220;exceptionally high&#8221; stocks correlation under current circumstances, thus increasing the potential for a deeper Bitcoin price correction should macro policy change.<\/p>\n<p>&#8220;That means anything that could crush the SP500 is also a big risk for BTC,&#8221; it added.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/da65a3b0-8373-413f-b3c6-4f383fe5147b.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin correlation chart. Source: Ecoinometrics\/ Twitter<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\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 News 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-spikes-to-44-5k-amid-fresh-warning-over-exceptionally-high-stocks-correlation\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin spikes to $44.5K amid fresh warning over &#8216;exceptionally high&#8217; stocks correlation &#8221; Bitcoin (BTC) passed $44,500 at the Wall Street open on Feb. 15 with traders compounding overnight enthusiasm. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Resistance attacks slowly form Data from Cointelegraph Markets Pro and TradingView\u00a0tracked local highs of $44,543 for BTC\/USD&#8230;<\/p>\n","protected":false},"author":1,"featured_media":405890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvMmI4Mzc0ZTMtMTkzMS00ZWVjLTlhM2UtZDdhMGY3NzEyZDA3LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-405889","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\/405889","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=405889"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/405889\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/405890"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=405889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=405889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=405889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}