{"id":11458,"date":"2022-03-22T12:13:39","date_gmt":"2022-03-22T12:13:39","guid":{"rendered":"http:\/\/egrowonline.com\/?p=11458"},"modified":"2022-03-22T12:13:39","modified_gmt":"2022-03-22T12:13:39","slug":"bitcoin-hits-3-week-high-as-fresh-impulse-move-sends-btc-price-to-43-3k","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=11458","title":{"rendered":"Bitcoin hits 3-week high as fresh impulse move sends BTC price to $43.3K"},"content":{"rendered":"


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Bitcoin (BTC<\/a>) saw a fresh impulse move overnight into March 22 as bulls briefly reclaimed $43,000.<\/p>\n

BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n

RSI hints at underlying strength<\/h2>\n

Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a>\u00a0showed BTC\/USD reaching $43,337 on Bitstamp on March 22, the pair\u2018s highest since March 3.<\/p>\n

The action contrasted with the lack of volatility since the weekend and neatly fitted with the more bullish predictions surrounding near-term trajectory.<\/p>\n

For popular trader Crypto Ed, who had previously given $43,000 as a low-timeframe target, all was going as planned.<\/p>\n

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#BTC<\/a>
Been showing red box at $43k for a couple of days now….<\/p>\n

Imagine not watching my YT videos…..<\/p>\n

No need at all to listen to dudes, who like to hear talking themselves for >20mins.
All you need to know in 3 minutes! https:\/\/t.co\/nsWHyUMaYI<\/a> pic.twitter.com\/sj94yjuzhd<\/a><\/p>\n

\u2014 Ed_NL (@Crypto_Ed_NL) March 22, 2022<\/a><\/p><\/blockquote>\n

Fellow analyst Matthew Hyland, meanwhile,\u00a0eyed<\/a> a potential breakout scenario for Bitcoin\u2018s relative strength index (RSI) on the daily chart \u2014 a phenomenon that has often preceded price strength.<\/p>\n

BTC\/USD 1-day chart (Coinbase) with RSI. Source: Matthew Hyland\/ Twitter<\/em><\/figcaption><\/figure>\n

\u201cBTC is a few hundred bucks away from the first higher high we’ve seen in a long time. Will it happen?” crypto market analyst Kevin Svenson added<\/a>.<\/p>\n

Bitcoin had already sealed an impressive weekly close on March 20, its highest since early February, and now, macro cues were adding to the positive momentum once again.<\/p>\n

Trading was brisk for Asian markets on the day, the Hong Kong Hang Seng index up 3.15% at the time of writing.<\/p>\n

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Asia unironically max bidding$BTC<\/a><\/p>\n

\u2014 Zhu Su (@zhusu) March 22, 2022<\/a><\/p><\/blockquote>\n

In Europe, however, there was little sign of a knock-on impact, while United States futures were likewise trending down prior to the Wall Street open.<\/p>\n

The push higher, nonetheless, did manage to squeeze out some short positions across cryptocurrency, as evidenced<\/a> by data from on-chain monitoring resource Coinglass.<\/p>\n

Total 24-hour liquidations stood at $168 million at the time of writing.<\/p>\n

Crypto liquidations chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n

Ethereum returns to $3,000 in altcoin copycat rally<\/h2>\n

On altcoins, the picture likewise turned more rosy overnight.<\/p>\n

Related:\u00a0Price analysis 3\/21: BTC, ETH, BNB, XRP, LUNA, SOL, ADA, AVAX, DOT, DOGE<\/a><\/em><\/strong><\/p>\n

The top ten cryptocurrencies by market cap were led by Cardano (ADA<\/a>), which was 5.8% up in 24 hours to cap weekly gains nearing 20%.<\/p>\n

ADA\/USD 1-day candle chart (Coinbase). Source: TradingView<\/em><\/figcaption><\/figure>\n

Other major tokens fared almost as well, including Polkadot (DOT<\/a>) and Ripple (XRP<\/a>).<\/p>\n

Ether (ETH<\/a>), the largest altcoin, tapped $3,000 in step with Bitcoin\u2018s rally<\/a> before consolidating immediately under that psychologically significant level.<\/p>\n

ETH\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) saw a fresh impulse move overnight into March 22 as bulls briefly reclaimed $43,000. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView RSI hints at underlying strength Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD reaching $43,337 on Bitstamp on March 22, the pair\u2018s highest since March 3. The action contrasted with the lack […]<\/p>\n","protected":false},"author":1,"featured_media":11459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[6499,6500,50,194,207,261,259,3773,883,195,3199],"class_list":["post-11458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-3week","tag-433k","tag-bitcoin","tag-btc","tag-fresh","tag-high","tag-hits","tag-impulse","tag-move","tag-price","tag-sends"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/03\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvOTBiYmMzNDItNGE5Zi00MDUwLWFjNDktZDNiMThjNDRhNmVmLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11458"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11458\/revisions"}],"predecessor-version":[{"id":11460,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/11458\/revisions\/11460"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/11459"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11458"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}