{"id":420036,"date":"2022-03-23T00:30:00","date_gmt":"2022-03-22T21:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction\/"},"modified":"2022-03-23T00:30:00","modified_gmt":"2022-03-22T21:30:00","slug":"bitcoin-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction\/","title":{"rendered":"# Bitcoin bulls take aim at $45K while some analysts warn of possible correction"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a26bbab438e7\" 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-6a26bbab438e7\" 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\/bitcoin-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction\/#%E2%80%9D_Bitcoin_bulls_take_aim_at_45K_while_some_analysts_warn_of_possible_correction_%E2%80%9C\" >&#8221; Bitcoin bulls take aim at $45K while some analysts warn of possible correction &#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\/bitcoin-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction\/#BTC_price_could_correct_lower\" >BTC price could correct lower<\/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\/bitcoin-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction\/#Potential_squeeze_higher\" >Potential squeeze higher<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction\/#Needs_to_hold_support_at_42300\" >Needs to hold support at $42,300<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_bulls_take_aim_at_45K_while_some_analysts_warn_of_possible_correction_%E2%80%9C\"><\/span>&#8221; Bitcoin bulls take aim at $45K while some analysts warn of possible correction &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The bullish narrative is beginning to build across the cryptocurrency ecosystem on March 22 as the price of Bitcoin (BTC) briefly spiked above $43,000 while Ether (ETH) has reclaimed support at $3,000 following a deposit of $110 million worth of ETH\u00a0into Lido&#8217;s liquidity pools.<\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of Bitcoin rallied 6.15% from a low of $40,884 in the early hours of Tuesday to an intraday high at $43,380 before consolidating around support at $42,300.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/3ef1a0e8-1eb5-492f-a22e-e7e662eacf57.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Here\u2019s what several analysts are saying about Bitcoin&#8217;s recent price action and which support and resistance levels to keep an eye on moving forward.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTC_price_could_correct_lower\"><\/span>BTC price could correct lower<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A foreshadowing of Bitcoin\u2019s move on March 22 was provided by market analyst and pseudonymous <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> user &#8220;Rekt Captial,&#8221; who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1505926466856538114\">posted<\/a> the following chart noting that \u201cIf Bitcoin successfully retests the green dashed diagonal as new support,&#8221; then it \u201cwill spring towards the green ~$43100 resistance ahead.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/4de215da-9a01-4d33-8658-f4da1781d2c1.jpg\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-week chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>According to the trader, this was a notable development because it \u201cconfirmed\u201d the end of the \u201cmulti-month <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">series<\/a> of lower highs\u201d for Bitcoin and suggests we could soon head higher. <\/p>\n<p>Despite this bullish turn of events, fellow trader and pseudonymous Twitter user \u201cEd_NL\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Ed_NL\/status\/1506251212164894733\">warned<\/a> that it may still be a bit premature to open a BTC long based on price action following the pump. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/4c2e625d-2f7f-4e54-ad1f-f9f9bc99d064.jpg\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 15-minute chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>\u201cBTC forming a bearish flag after the initial drop, but this feels like a typical trap where we first take out the early shorters before going down to correct,&#8221; the analyst opined.\u00a0<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Potential_squeeze_higher\"><\/span>Potential squeeze higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The upward trend for BTC was also highlighted by crypto trader and host of The Wolf of All Streets podcast Scott Melker, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/scottmelker\/status\/1506253749999788032\">posted<\/a> the following chart noting that Bitcoin is \u201cstill making higher lows, consolidating towards the key level around $45,500.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/c893a769-8e53-4f63-8585-03a8fef3f8da.jpg\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Options trader and pseudonymous Twitter user &#8220;Joh Wick&#8221; also <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/ZeroHedge_\/status\/1506248558206496776\">noted<\/a> this upward drift on the BTC chart, suggesting that there is a potential squeeze in play that could lead to further price gains. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/54c69d69-38f9-4ad2-abfc-9070833e83da.jpg\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Wick further explained:<\/p>\n<blockquote><p>\u201cRemember we have squeeze shading zone that looks like it wants to breakout! Could be the technical catalyst to get us past $45,000 &#8211; $46,000 resistance.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra&#8217;s $3B BTC buy-in<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Needs_to_hold_support_at_42300\"><\/span>Needs to hold support at $42,300<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A final bit of insight was provided by crypto trader and Cointelegraph contributor Micha\u00ebl van de Poppe, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1506173116799664129\">posted<\/a> the following chart highlighting the run-up in Bitcoin, which has managed to hold on to a \u201ccrucial support.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/2e867f5d-a16b-4797-8fcb-2124f1bef9e4.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 2-hour chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>\u201cIf Bitcoin can sustain those levels, it seems to me that we&#8217;re getting a period of some relief rallies across markets. Would be good,\u201d van de Poppe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1506193338801823747\">explained<\/a>.<\/p>\n<p>The overall cryptocurrency market cap now stands at $1.923 trillion and Bitcoin\u2019s dominance rate is 42%.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\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-bulls-take-aim-at-45k-while-some-analysts-warn-of-possible-correction\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin bulls take aim at $45K while some analysts warn of possible correction &#8220; The bullish narrative is beginning to build across the cryptocurrency ecosystem on March 22 as the price of Bitcoin (BTC) briefly spiked above $43,000 while Ether (ETH) has reclaimed support at $3,000 following a deposit of $110 million worth of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":420037,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDBmODZjZDAtOTY1ZS00NzQ0LTk1NDEtMzBmYTU5Y2ExMzE0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74982,74863,75150,76215,73785],"class_list":["post-420036","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-btc-markets","tag-cryptocurrencies","tag-market-update","tag-update","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420036","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=420036"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/420036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/420037"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=420036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=420036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=420036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}