Bitcoin towards $47,000 on MondayπŸ’₯

    After a complex start to the year, Bitcoin finally passes $47,000. After failing 5 times at $44,000, BTC is back on a bull market that could well be exceptional. Full explanations.


    It is a record Bitcoin that attacks the market this Monday, March 28, 2022. The currency passes 47,000 dollars in an exceptional bullish bias. Many exchanges, from Coinbase to Binance, materialize a 24-hour increase of more than 5% for crypto.

    A bull market that could only be in its infancy as investors have been waiting for more than 5 months for a total explosion of cryptocurrencies. A long wait when we thought quickly, in 2022, to find a Bitcoin at more than 100,000 dollars.

    What relaunch speculation but also the dreams of some, dreams that had come to an abrupt end with a fall in cryptos last winter. This spring could be the spring of renewal, and finally launch the year 2022 which remains disappointing for cryptocurrencies for the moment.

    Bitcoin over $50,000? πŸ˜›

    The key point remains the cap of 48,000 and further still from 50,000 dollars. Bitcoin has a duty to pass these caps in which case the current bull market could only be short-lived.

    Indeed the currency has a little leeway. The $47,000 is not yet a reliable enough support to see a Bitcoin in a range market between $42,500 and $48,000. Of course the hypothesis cannot be ruled out, but in a situation like that of cryptos, a crossing of the $48,000 line could quickly bring Bitcoin to more than $50,000, where it would find significant support. . Answer in the next few days.

    NOTE: This article is not financial advice.

    Image source Jeremy Bezanger 🎯

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    Lucas Jackson
    Lucas Jackson
    CEO & Founder, | Blockchain's project advisor
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