{"id":422797,"date":"2022-03-28T18:31:27","date_gmt":"2022-03-28T15:31:27","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-could-return-to-all-time-highs-if-46k-holds-analysts\/"},"modified":"2022-03-28T18:31:27","modified_gmt":"2022-03-28T15:31:27","slug":"bitcoin-price-could-return-to-all-time-highs-if-46k-holds-analysts","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-could-return-to-all-time-highs-if-46k-holds-analysts\/","title":{"rendered":"# Bitcoin price could return to all-time highs if $46K holds \u2014 analysts"},"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-6a34931b02030\" 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-6a34931b02030\" 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-price-could-return-to-all-time-highs-if-46k-holds-analysts\/#%E2%80%9D_Bitcoin_price_could_return_to_all-time_highs_if_46K_holds_%E2%80%94_analysts_%E2%80%9C\" >&#8221; Bitcoin price could return to all-time highs if $46K holds \u2014 analysts &#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-price-could-return-to-all-time-highs-if-46k-holds-analysts\/#BTC_dip_nonessential_but_%E2%80%9Cwould_be_healthy%E2%80%9D\" >BTC dip nonessential but &#8220;would be healthy&#8221;<\/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-price-could-return-to-all-time-highs-if-46k-holds-analysts\/#2022_%E2%80%9Cwont_be_that_easy%E2%80%9D_for_risk_assets\" >2022 &#8220;won&#8217;t be that easy&#8221; for risk assets<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_price_could_return_to_all-time_highs_if_46K_holds_%E2%80%94_analysts_%E2%80%9C\"><\/span>&#8221; Bitcoin price could return to all-time highs if $46K holds \u2014 analysts &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) went on to hit its highest level since Jan. 2 on March 28&#8217;s Wall Street open as its latest bull run kept up the pace.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/e2b2b196-726f-4add-90b5-022fa095180c.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=\"BTC_dip_nonessential_but_%E2%80%9Cwould_be_healthy%E2%80%9D\"><\/span>BTC dip nonessential but &#8220;would be healthy&#8221;<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 reaching $47,900 on Bitstamp, just $100 away from a new 2022 peak.<\/p>\n<p>The move followed a strong move into the weekly close, which continued on March 28, producing weekly gains of nearly 17%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It doesn&#8217;t have to h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>en but&#8230;<\/p>\n<p>A <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> dip would be healthy<\/p>\n<p>Because price would be able to go ahead and reclaim a previous resistance as new support<\/p>\n<p>Same goes for many Altcoins that have enjoyed strong moves as of late<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1508423251957059603?ref_src=twsrc%5Etfw\">March 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>While some began to call for a retracement to shore up new support levels, excitement nonetheless remained as the driving mood at the time of writing.<\/p>\n<p>&#8220;Multi-month regime of both spot premium and quarterlies backwardation + Massive on-chain accumulation by several measures. All we&#8217;ve been missing is momentum,&#8221; Blockware lead insights analyst William Clemente <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1508449166061670402\">explained<\/a>. <\/p>\n<blockquote><p>&#8220;As long as $46K holds, think momentum\/trend-based market participants push this back to range highs.&#8221;<\/p><\/blockquote>\n<p>That perspective was echoed by Rekt Capital, who identified two key moving averages as providing the potential fuel to send the largest cryptocurrency back to all-time highs.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The moment <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> is able to breach the mid-range resistance&#8230;<\/p>\n<p>Is the moment that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> will ascend into the upper half of its Macro Re-Accumulation Range<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/cJh2T4eiNP\">pic.twitter.com\/cJh2T4eiNP<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1508414147414962177?ref_src=twsrc%5Etfw\">March 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Clemente <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1508451178736197632\">added<\/a> a chart showing that Bitcoin&#8217;s moving average convergence divergence (MACD) indicator had flipped green, signaling the start of an uptrend, for the first time since November&#8217;s all-time highs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/44971833-bb46-418b-b245-9d5109d58f4c.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD chart with MACD. Source: William Clemente\/ <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-chain monitoring resource Whalemap, meanwhile, reiterated that $47,400 was a key area on macro levels thanks to accumulation having taken place there previously.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The macro outlook stays the same as in the tweet below<\/p>\n<p>47.4k is the most important level in the 47k area right now<\/p>\n<p>Lets see how <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> reacts <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/oAfqKLUKoa\">https:\/\/t.co\/oAfqKLUKoa<\/a><\/p>\n<p>\u2014 whalemap (@whale_map) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/whale_map\/status\/1508454128489541633?ref_src=twsrc%5Etfw\">March 28, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In an additional nod to the current rally being more sustainable than previous ones this year, analyst Philip Swift <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PositiveCrypto\/status\/1508374616997171201\">highlighted<\/a> that funding rates on derivatives platforms remained curiously low despite optimism in both sentiment and market performance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"2022_%E2%80%9Cwont_be_that_easy%E2%80%9D_for_risk_assets\"><\/span>2022 &#8220;won&#8217;t be that easy&#8221; for risk assets<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For macro analysts, the focus was on whether Bitcoin was breaking out against traditional assets with its latest gains.<\/p>\n<p><strong><em>Related:\u00a0Buy pressure \u2018in bull market territory\u2019 \u2014 5 things to know in Bitcoin this week<\/em><\/strong><\/p>\n<p>U.S. stocks were mostly flat on March 28&#8217;s open, while gold enjoyed only a modest uptick.<\/p>\n<p>Discussing the trend, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, queried whether BTC might be &#8220;taking the risk-off baton.&#8221;<\/p>\n<p>&#8220;1Q may be just another blip in the trend of rising risk assets amid the highest inflation in 40 years and war in Europe, yet our bias is that the 2022 end<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">game<\/a> isn&#8217;t likely to be that easy,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mikemcglone11\/status\/1508423145975332868\">reasoned<\/a>. <\/p>\n<p>McGlone added that Bitcoin was nonetheless &#8220;showing divergent strength.&#8221;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/65031ba9-036a-49f9-abf9-1ecc38cd844e.png\"><figcaption style=\"text-align: center;\"><em>Nasdaq 100 vs. BTC\/USD 1-week chart with 50-week moving average. Source: Mike McGlone\/ Twitter<\/em><\/figcaption><\/figure>\n<p>The analyst had recently said that BTC\/USD could &#8220;easily&#8221; return to $30,000 before achieving six figures in current macro conditions.<\/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\/bitcoin-price-could-return-to-all-time-highs-if-46k-holds-analysts\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin price could return to all-time highs if $46K holds \u2014 analysts &#8220; Bitcoin (BTC) went on to hit its highest level since Jan. 2 on March 28&#8217;s Wall Street open as its latest bull run kept up the pace. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC dip nonessential but &#8220;would be healthy&#8221;&#8230;<\/p>\n","protected":false},"author":1,"featured_media":422798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvZGQ3NGJjYTktMjAxNi00ZmRiLWIzNjUtYmVkNTY0ZGZjNjNkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-422797","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\/422797","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=422797"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/422797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/422798"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=422797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=422797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=422797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}