{"id":423507,"date":"2022-03-30T01:30:00","date_gmt":"2022-03-29T22:30:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher\/"},"modified":"2022-03-30T01:30:00","modified_gmt":"2022-03-29T22:30:00","slug":"a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher\/","title":{"rendered":"# A retest is expected, but most analysts expect Bitcoin price to extend much higher"},"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-6a3ae8fbce712\" 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-6a3ae8fbce712\" 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\/a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher\/#%E2%80%9D_A_retest_is_expected_but_most_analysts_expect_Bitcoin_price_to_extend_much_higher_%E2%80%9C\" >&#8221; A retest is expected, but most analysts expect Bitcoin price to extend much higher &#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\/a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher\/#Bitcoin_breaks_above_its_1-year_moving_average\" >Bitcoin breaks above its 1-year moving average<\/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\/a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher\/#Possible_entry_at_45000\" >Possible entry at $45,000<\/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\/a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher\/#Little_resistance_between_47500_and_57000\" >Little resistance between $47,500 and $57,000<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_A_retest_is_expected_but_most_analysts_expect_Bitcoin_price_to_extend_much_higher_%E2%80%9C\"><\/span>&#8221; A retest is expected, but most analysts expect Bitcoin price to extend much higher &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold\u00a0 above $3,400.\u00a0<\/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 has been oscillating around $48,000 since it broke out above $45,000 early on March 28 and bulls are now debating whether a bull run to $80,000 is on the cards.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/37ebd637-7999-44c3-8f5e-62873fb583cf.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 1-day chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Here\u2019s a look at what several analysts in the market are saying about the outlook for BTC moving forward and what levels to keep an eye on in case of a price pullback or another breakout to the upside. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bitcoin_breaks_above_its_1-year_moving_average\"><\/span>Bitcoin breaks above its 1-year moving average<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u201cKeeping it simple is often best\u201d according to independent market analyst Philip Swift, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PositiveCrypto\/status\/1508814988399591430\">posted<\/a> the following chart showing Bitcoin&#8217;s price relative to its 1-year moving average (MA). <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/c49fdfca-7a63-4ff4-8156-d16f4cc6194f.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-day chart. Source: <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>Swift said, <\/p>\n<blockquote><p>\u201cPrice is now breaking back above the 1yr MA. Historically this is an important level for Bitcoin signaling the start of a bullish trend.\u201d<\/p><\/blockquote>\n<h2><span class=\"ez-toc-section\" id=\"Possible_entry_at_45000\"><\/span>Possible entry at $45,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Insight into a possible entry point in the case of a pullback in the price of Bitcoin was touched on by crypto trader and pseudonymous Twitter user \u2018Phoenix\u2019, who <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Phoenix_Ash3s\/status\/1508857223786680329\">posted<\/a> the following chart outlining a possible trajectory BTC could take over the next few weeks. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/f1f2e3a8-ad34-4cfb-82b2-ceebaf923ad8.jpg\"><figcaption style=\"text-align: center;\"><em>BTC\/USDT 6-hour chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p> Phoenix said, <\/p>\n<blockquote><p>\u201cThose that missed the boat may hope for a perfect entry with a mid $45,000 retest. But, BTC often doesn&#8217;t give perfect entries. Clearly bullish after this clean break above the range in my opinion.\u201d <\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Kitchen table Bitcoin: How should average investors <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>roach crypto?<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Little_resistance_between_47500_and_57000\"><\/span>Little resistance between $47,500 and $57,000<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As for the areas to look out for should BTC continue to head higher, market analyst and pseudonymous Twitter user \u2018Rekt Captial\u2019 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1508878487557492738\">posted<\/a> the following chart suggesting the price could soon head toward $57,000 baring any major roadblocks. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-03\/a7bb20d3-06c1-4400-bbcf-3ee539867403.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-month chart. Source: Twitter<\/em><\/figcaption><\/figure>\n<p>Rekt Capital said, <\/p>\n<blockquote><p>\u201cTechnically, if BTC flips the black ~$47,000 Monthly level into support this March\u2026 There&#8217;s little major Monthly resistance until ~$57000 (red).\u201d<\/p><\/blockquote>\n<p>The overall cryptocurrency market cap now stands at $2.151 trillion and Bitcoin\u2019s dominance rate is 42.1%.<\/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><\/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 <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\/a-retest-is-expected-but-most-analysts-expect-bitcoin-price-to-extend-much-higher\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; A retest is expected, but most analysts expect Bitcoin price to extend much higher &#8220; The mood across the cryptocurrency market has seen a notable improvement in the last week as prices are on the rise with Bitcoin (BTC) now trading near $48,000 while Ether (ETH) attempting to hold\u00a0 above $3,400.\u00a0 Data from Cointelegraph&#8230;<\/p>\n","protected":false},"author":1,"featured_media":423508,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvMDA5NjQxN2YtMWQ3MS00ZGFkLWIyYWMtZGIxNjcwODMwODU0LmpwZWc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,74982,74863,75150,73785],"class_list":["post-423507","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-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423507","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=423507"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/423507\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/423508"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=423507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=423507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=423507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}