Bitcoin price could return to all-time highs if $46K holds — Analysts

Will Bitcoin flip $46K into support? According to analysts, a new bullish wave seems to put BTC on track to assault the sky and conquer a new ATH.

that funding rates on derivatives platforms remained curiously low despite optimism in both sentiment and market performance.For macro analysts, the focus was on whether Bitcoin was breaking out against traditional assets with its latest gains.U.S. stocks were mostly flat on March 28's open, while gold enjoyed only a modest uptick.

Discussing the trend, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, queried whether BTC might be"taking the risk-off baton." "1Q may be just another blip in the trend of rising risk assets amid the highest inflation in 40 years and war in Europe, yet our bias is that the 2022 endgame isn't likely to be that easy," he

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