{"id":431406,"date":"2022-04-14T05:51:50","date_gmt":"2022-04-14T02:51:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/zone-of-heavy-opportunity-analysts-tip-bitcoin-will-stage-a-comeback\/"},"modified":"2022-04-14T05:51:50","modified_gmt":"2022-04-14T02:51:50","slug":"zone-of-heavy-opportunity-analysts-tip-bitcoin-will-stage-a-comeback","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/zone-of-heavy-opportunity-analysts-tip-bitcoin-will-stage-a-comeback\/","title":{"rendered":"# \u2018Zone of heavy opportunity\u2019: Analysts tip Bitcoin will stage a comeback"},"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-6a367f15c23a3\" 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-6a367f15c23a3\" 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\/zone-of-heavy-opportunity-analysts-tip-bitcoin-will-stage-a-comeback\/#%E2%80%9D_%E2%80%98Zone_of_heavy_opportunity_Analysts_tip_Bitcoin_will_stage_a_comeback_%E2%80%9C\" >&#8221; \u2018Zone of heavy opportunity\u2019: Analysts tip Bitcoin will stage a comeback &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_%E2%80%98Zone_of_heavy_opportunity_Analysts_tip_Bitcoin_will_stage_a_comeback_%E2%80%9C\"><\/span>&#8221; \u2018Zone of heavy opportunity\u2019: Analysts tip Bitcoin will stage a comeback &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNjI0YWViMTctZTBiMy00MjY5LWEyYzMtZDBkZmZmZmViNGUzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>Several popular cryptocurrency analysts believe the future looks green for Bitcoin (BTC) as it reclaimed the $40,000 mark in a 3.5% swing following a week-long dip.<\/p>\n<p>Popular Bitcoin technical analyst on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> TechDev issued a prediction to his 381,000 followers that the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> direction for the largest cryptocurrency by market cap will be up for the foreseeable future. <\/p>\n<p>His April 14 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1514356397051367424\">chart<\/a> drew a comparison between the tremendous rise of the Dow Jones Industrial Average in the &#8217;80s and &#8217;90s to Bitcoin&#8217;s price over the past six years. Past performance is no guarantee of future returns but there are some similarities to the historic price action that if repeated, would suggest the Bitcoin price will rise from here. The analyst said \u201cTimes change. Assets chain. Macro aggregate human behavior usually doesn\u2019t. #BTC\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Times change.<\/p>\n<p>Assets change.<\/p>\n<p>Macro aggregate human behavior usually doesn&#8217;t.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/NFhUA2hcYH\">pic.twitter.com\/NFhUA2hcYH<\/a><\/p>\n<p>\u2014 TechDev (@TechDev_52) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TechDev_52\/status\/1514356397051367424?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nLead Insights Analysts at Bitcoin mining firm Blockware Solutions Will Clemente pointed out that BTC is in a \u201czone of heavy opportunity\u201d based on data compiled by his firm and blockchain analytics firm Glassnode.<\/p>\n<p>He <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1514378333517234176\/photo\/1\">tweeted<\/a> on April 14 that \u201cThis is also the longest time Bitcoin has ever spent in the zone.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Only a few other times has Bitcoin reached the zone of heavy opportunity. (green)<\/p>\n<p>This is also the longest time Bitcoin has ever spent in the zone. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bvQr4FZqFC\">pic.twitter.com\/bvQr4FZqFC<\/a><\/p>\n<p>\u2014 Will Clemente (@WClementeIII) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1514378333517234176?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Popular Bitcoin analysts Dave the Wave with 36,000 followers <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/davthewave\/status\/1514411735574548483\">tweeted<\/a>\u00a0his strong conviction\u00a0 that Bitcoin is ready to make a dramatic move based on the Gaussian and Guppy metrics. However, he is not sure which way it will go. All he could say about it was that it is &#8220;Bound to be explosive soon&#8230;&#8221;<\/p>\n<p>But his long-term target for Bitcoin by the middle of next year is $135,000 which he called &#8220;One for the bulls&#8221; in an April 13 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/davthewave\/status\/1514092456014675970\">tweet<\/a>.<\/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>One for the bulls.<\/p>\n<p>The &#8216;BBT&#8217;s project a 135K target mid next year~ <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/JfTf0bI01g\">pic.twitter.com\/JfTf0bI01g<\/a><\/p>\n<p>\u2014 dave the wave (@davthewave) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/davthewave\/status\/1514092456014675970?ref_src=twsrc%5Etfw\">April 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Real Vision founder and crypto investor Raoul Pal <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 on the Layah Heilpern Show on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=23lJnJxZ8n4\">YouTube<\/a> to discuss macroeconomic effects and cryptocurrency on April 13. He said that despite all of the things that the crypto market has endured over the past two years including the COVID pandemic, rising inflation, and the war in Ukraine, crypto still hasn\u2019t made a new low.<\/p>\n<p>He added that \u201cusually that\u2019s a signal that the market has found its bottom.\u201d <\/p>\n<p>Pal is also very supportive of Terra\u2019s (LUNA) hefty purchases of BTC to use as collateral for its algorithmic TerraUSD (UST) stablecoin. He said: \u201cThis is the start of people using Bitcoin as the collateral layer,\u201d continuing:<\/p>\n<blockquote><p>\u201cWe\u2019ll definitely see sovereign wealth funds owning Bitcoin because it\u2019s a long duration savings asset.\u201d<\/p><\/blockquote>\n<p>Terra founder Do Kwon is on a mission to collateralize UST with about $3 billion in BTC and the Luna Foundation Guard bought 2,500 BTC worth about $100 million on April 13. This puts its current holdings just 800 coins behind Elon Musk\u2019s Tesla with 42,200 BTC.<\/p>\n<p>Despite the optimism, investors may also remember that Santiment analysts stated on April 7 that Bitcoin would need to settle at or above $50,000 around the mid-halving on April 11 to \u201cgive more credit to the thesis that says: this cycle is different than the others.\u2019\u201d <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Brazilian Senate announces incoming approval of the \u2018Bitcoin law\u2019<\/em><\/strong><\/p>\n<p>April 11 has come and gone, and $50,000 remains a long way off. However, Cointelegraph data shows BTC recently reclaimed the $40k mark during a pump that lasted about an hour from 1pm to 2pm UTC on April 13, and is currently trading at $41,385.<\/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\/zone-of-heavy-opportunity-analysts-tip-bitcoin-will-stage-a-comeback\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; \u2018Zone of heavy opportunity\u2019: Analysts tip Bitcoin will stage a comeback &#8220; Several popular cryptocurrency analysts believe the future looks green for Bitcoin (BTC) as it reclaimed the $40,000 mark in a 3.5% swing following a week-long dip. Popular Bitcoin technical analyst on Twitter TechDev issued a prediction to his 381,000 followers that the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":431407,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNjI0YWViMTctZTBiMy00MjY5LWEyYzMtZDBkZmZmZmViNGUzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,81951,74937,122378,68637],"class_list":["post-431406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-analysis","tag-bitcoin-price","tag-terra","tag-predictions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431406","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=431406"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/431406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/431407"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=431406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=431406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=431406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}