{"id":413969,"date":"2022-03-09T18:04:33","date_gmt":"2022-03-09T15:04:33","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/trader-gives-44k-btc-price-target-as-bitcoin-shrugs-off-executive-order-nothingburger\/"},"modified":"2022-03-09T18:04:33","modified_gmt":"2022-03-09T15:04:33","slug":"trader-gives-44k-btc-price-target-as-bitcoin-shrugs-off-executive-order-nothingburger","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/trader-gives-44k-btc-price-target-as-bitcoin-shrugs-off-executive-order-nothingburger\/","title":{"rendered":"# Trader gives $44K BTC price target as Bitcoin shrugs off executive order &#8216;nothingburger&#8217;"},"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-6a412ae3d3052\" 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-6a412ae3d3052\" 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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/trader-gives-44k-btc-price-target-as-bitcoin-shrugs-off-executive-order-nothingburger\/#%E2%80%9D_Trader_gives_44K_BTC_price_target_as_Bitcoin_shrugs_off_executive_order_%E2%80%98nothingburger_%E2%80%9C\" >&#8221; Trader gives $44K BTC price target as Bitcoin shrugs off executive order &#8216;nothingburger&#8217; &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/trader-gives-44k-btc-price-target-as-bitcoin-shrugs-off-executive-order-nothingburger\/#Executive_order_enters_with_a_whimper\" >Executive order enters with a whimper<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/trader-gives-44k-btc-price-target-as-bitcoin-shrugs-off-executive-order-nothingburger\/#Range_resistance_not_tipped_to_be_broken\" >Range resistance not tipped to be broken<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Trader_gives_44K_BTC_price_target_as_Bitcoin_shrugs_off_executive_order_%E2%80%98nothingburger_%E2%80%9C\"><\/span>&#8221; Trader gives $44K BTC price target as Bitcoin shrugs off executive order &#8216;nothingburger&#8217; &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/cda8fa4d-630b-4d76-86c4-509b7797c23e.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=\"Executive_order_enters_with_a_whimper\"><\/span>Executive order enters with a whimper<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 maintaining $42,000 into the start of trading on March 9.<\/p>\n<p>The pair had shrugged off the latest round of macro tensions to add over 11% in 24 hours, among the best movers in the broader crypto market.<\/p>\n<p>Despite mixed feelings over the real significance of the move among traders and analysts, fresh information about U.S. President Joe Biden&#8217;s executive order on cryptoassets <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 allay some of the market&#8217;s fears.<\/p>\n<p>An accompanying fact sheet seemed to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/03\/09\/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets\/\">point<\/a> to the order being more investigative than draconian, making the White House&#8217;s latest efforts decidedly unlike last year&#8217;s Infrastructure Bill.<\/p>\n<p>&#8220;The Administration will continue work across agencies and with Congress to establish policies that guard against risks and guide responsible innovation, with our allies and partners to develop aligned international capabilities that respond to national security risks, and with the private sector to study and support technological advances in digital assets,&#8221; it concluded.<\/p>\n<p>Reacting, Bill Barhydt, founder and CEO of payment gateway Abra, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/billbarhydt\/status\/1501567103295377421\">called<\/a> the order a &#8220;nothing burger with a side of psychobabble&#8221; and said that Bitcoin was rallying as a result.<\/p>\n<p>The fact sheet, itself, did not mention &#8220;Bitcoin&#8221; at all, referring only to &#8220;digital assets&#8221; and &#8220;cryptocurrencies.&#8221;<\/p>\n<p>&#8220;Today, POTUS signed an Executive Order on crypto-assets. I look forward to collaborating with colleagues across the government to achieve important public policy goals: protecting investors &amp; consumers, guarding against illicit activity and helping ensure financial stability,&#8221; Gary Gensler, chair of the Securities and Exchange Commission (SEC), <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/GaryGensler\/status\/1501513124091871235\">wrote<\/a> on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a>.<\/p>\n<p>Among the order&#8217;s plans was a pledge to further research into a central bank digital currency, or CBDC, on the part of the U.S. government.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Range_resistance_not_tipped_to_be_broken\"><\/span>Range resistance not tipped to be broken<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Buoyed by the events, BTC price action thus allowed market players to push higher in their short-term forecasting.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin transaction fees briefly doubled yet remain exceptionally low<\/em><\/strong><\/p>\n<p>For options trader and pseudonymous Twitter user John Wick, the scenario was now similar to that in which BTC\/USD found itself earlier in March.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <\/p>\n<p>Reversal bar setup + Squeeze Arrow setup has up in a new uptrend (again) targeting $44k retest.<\/p>\n<p>Indicators from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/c5WtFtKTRV\">https:\/\/t.co\/c5WtFtKTRV<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/f7AEvUEHQ5\">https:\/\/t.co\/f7AEvUEHQ5<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/XLfUiwC42Q\">pic.twitter.com\/XLfUiwC42Q<\/a><\/p>\n<p>\u2014 John Wick (@ZeroHedge_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ZeroHedge_\/status\/1501565023906324481?ref_src=twsrc%5Etfw\">March 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Others remained conservative, with Crypto Ed not expecting a rematch of the previous range high.<\/p>\n<p>&#8220;BTC looks like it finished that move at $42,550 Just a marginal new high was enough apparently,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1501539259622297602\">wrote<\/a> in his latest Twitter update.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1501539259622297602\/photo\/1\"><\/a><\/p>\n<p>Bearish prognoses nonetheless <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptocapo_\/status\/1501483649090437120?s=21\">remained<\/a>, with precious little sign that Bitcoin would break out from its range high near $46,000.<\/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 <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\/trader-gives-44k-btc-price-target-as-bitcoin-shrugs-off-executive-order-nothingburger\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Trader gives $44K BTC price target as Bitcoin shrugs off executive order &#8216;nothingburger&#8217; &#8220; Bitcoin (BTC) held onto swift gains at the Wall Street open on March 9 as nerves over U.S. regulatory moves calmed.\u00a0 BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Executive order enters with a whimper Data from Cointelegraph Markets Pro and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":413970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvYjZjYTdkNDMtYzc4OC00NjI3LTg2MTgtOTIwYzE3NDNjYjYxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-413969","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\/413969","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=413969"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/413969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/413970"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=413969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=413969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=413969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}