{"id":406274,"date":"2022-02-16T12:08:35","date_gmt":"2022-02-16T09:08:35","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-circles-44k-as-analyst-asks-who-remains-to-sell-here\/"},"modified":"2022-02-16T12:08:35","modified_gmt":"2022-02-16T09:08:35","slug":"bitcoin-price-circles-44k-as-analyst-asks-who-remains-to-sell-here","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-circles-44k-as-analyst-asks-who-remains-to-sell-here\/","title":{"rendered":"# Bitcoin price circles $44K as analyst asks, \u2018Who remains to sell here?\u2019"},"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-6a3bb88fecc8a\" 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-6a3bb88fecc8a\" 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-price-circles-44k-as-analyst-asks-who-remains-to-sell-here\/#OBV_sparks_2021_recovery_comparisons\" >OBV sparks 2021 recovery comparisons<\/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-price-circles-44k-as-analyst-asks-who-remains-to-sell-here\/#AVAX_leads_top_10_altcoin_gains\" >AVAX leads top 10 altcoin gains<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin price circles $44K as analyst asks, \u2018Who remains to sell here?\u2019 <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) broadly held levels at $44,000 and above on Feb. 16 amid fresh optimism that another macro low would be avoided.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/99435967-ed05-49d4-bcd7-9ed777e9933d.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=\"OBV_sparks_2021_recovery_comparisons\"><\/span>OBV sparks 2021 recovery comparisons<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>\u00a0showed BTC\/USD rebounding after an overnight dip to $43,725 on Bitstamp.<\/p>\n<p>In a tightening range, the pair looked increasingly primed for a breakout up or down Wednesday, as support and resistance levels stayed within a short distance of spot.<\/p>\n<p>While fears that a stocks correction could cause fresh pain for bears remained, one analyst, in particular, argued that there was now hardly any impetus to sell BTC after three months of downside.<\/p>\n<p>\u201cWhen I consider everything BTC HODLers withstood in 2021- When I observe global de-risking for 3+ months- When I see 48% of Realized Cap STILL held from 3\u201312 months ago after a $33k scare- I ask: with all existing FUD priced in, barring surprises, who remains to sell here?\u201d TXMC <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TXMCtrades\/status\/1493606769226133509\">argued<\/a>.<\/p>\n<p>An accompanying chart highlighted coins that last moved between three and six months ago \u2014 the run-up to the $69,000 all-time high \u2014 growing as a proportion of the overall BTC supply.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/4be53fb5-acf8-43a7-8fa3-ed3e0112424e.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin Realized Cap HODL Waves chart. Source: TXMC\/<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>On-balance volume, a metric designed to estimate buy and sell pressure, likewise recovered in a style that popular education resource IncomeSharks claimed mimicked last year\u2019s rebound from $30,000.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> &#8211; Daily OBV chart. And people telling me we aren&#8217;t bottomed out&#8230; This is almost a more bullish move than last time we went from $30,000 to $60,000. Double bottom, very sharp bullish V spike. Price action is just noise and people are listening too much to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/CryptoTwitter?src=hash&amp;ref_src=twsrc%5Etfw\">#CryptoTwitter<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vURzxYeImG\">pic.twitter.com\/vURzxYeImG<\/a><\/p>\n<p>\u2014 IncomeSharks (@IncomeSharks) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IncomeSharks\/status\/1493703700988239874?ref_src=twsrc%5Etfw\">February 15, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cThese are the conditions where retail waits to buy Bitcoin after it\u2019s at an all time high and it\u2019s all over the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> again,\u201d it <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IncomeSharks\/status\/1493703700988239874\">added<\/a> in a tweet on the day. <\/p>\n<blockquote><p>\u201cMeanwhile the whales and smart buyers who loaded up near $35,000 will 3x their money if we go to $100,000.\u201d<\/p><\/blockquote>\n<p>Despite the recovery from last month\u2019s lows, interest in Bitcoin stayed practically nonexistent from mainstream sources, with Google Trends data\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/trends.google.com\/trends\/explore?q=%2Fm%2F05p0rrx\">showing<\/a>\u00a0a distinct lack of curiosity from users.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/ab3cd1bd-64a3-43cb-b553-af215dd653d7.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Google search data for \u201cBitcoin.\u201d Source: Google Trends<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"AVAX_leads_top_10_altcoin_gains\"><\/span>AVAX leads top 10 altcoin gains<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>There was better short-term news for some altcoins, with Ether (ETH) gaining on the day to\u00a0cement support above the $3,000 mark.<\/p>\n<p><strong><em>Related:\u00a0Traders say $4,000 Ethereum back on the cards \u2018if\u2019 this bullish chart pattern plays out<\/em><\/strong><\/p>\n<p>ETH\/USD briefly hit $3,200 before returning to consolidate, still at five-day highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/a188f5bf-46aa-4718-ac84-f4b1e4ae8505.png\"><figcaption style=\"text-align: center;\"><em>ETH\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Meanwhile, the top 10 cryptocurrencies by market capitalization were led by Avalance (AVAX), which put in 24-hour returns of over 10% to continue its success in recent weeks.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\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-price-circles-44k-as-analyst-asks-who-remains-to-sell-here\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin price circles $44K as analyst asks, \u2018Who remains to sell here?\u2019 &#8221; Bitcoin (BTC) broadly held levels at $44,000 and above on Feb. 16 amid fresh optimism that another macro low would be avoided.\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView OBV sparks 2021 recovery comparisons Data from Cointelegraph Markets Pro and TradingView\u00a0showed&#8230;<\/p>\n","protected":false},"author":1,"featured_media":406275,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvZDA0NWI3YzItNzI2OS00MWUzLTk0MmYtYzljYmFkNzY2MTVjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,82402,73785],"class_list":["post-406274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-ether-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406274","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=406274"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/406274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/406275"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=406274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=406274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=406274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}