Bitcoin just regained a key price trendline after its longest absence since March 2020
The 350-day moving average is the latest bullish signal to return to BTC price action, making Q1 2022 look increasingly outside the trend.
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The 350-day moving average is the latest bullish signal to return to BTC price action, making Q1 2022 look increasingly outside the trend.
It feels like a case of "too much too soon" for many, but only a shallow retracement is expected.
Bitcoin price action seems willing to consolidate recent gains, with the yearly open still viewed as the crucial level to maintain.
$48,000 is hit for the first time this year, with previously cautious commentators increasingly flipping bullish.
Data from Bitcoin's Mayer Multiple suggests low risk/return conditions at current levels, but macro conditions still trouble long-term optimism.
The significance of cracking the yearly open price as Bitcoin's 2022 range ceiling continues to play out.
Seven-day gains nearing 9% have put BTC price action firmly ahead of every other week so far this year.
Eyes are still on what happens above the current local highs, not below, even as BTC price action is up 6% in a week.
A whale who bought at $34,000 now looks set to sell near current levels as a large wall of asks appears on Bitfinex.
$46,000 is now the next level of interest for traders, while behind the scenes, Terra keeps buying BTC.