bitcoin It rallied by $2000 before the weekly close.
It is not known for now whether the 5% rise, which came 3 hours before the weekly close, is due to an undisclosed news or technique.
In the analysis we made 2 days ago, before the weekly closing We stated that a rise to $46,000 would not surprise us.
Related Analysis:
What Happens Next?
We are now at an important resistance point. Those who have not taken a position so far should follow the weekly closing.
In Bitcoin, it can be risky to move above the Ma20 Weekly ($45429) and Ma50 ($45876) intersection without seeing any persistence.
If this rise is due to insider information from insider traders, it can be expected that the rise will continue after the news is made public. However, it will be healthier to follow the technique for now.
It is critical at this point that investors do not act out of fear of losing the opportunity.
When we look at the funding rate, during the rise There is no serious change in the long/short ratio. We see. This is the rise from spot purchases I think it might be caused by .
The funding rate remains calm as Bitcoin rises sharply to $46,000. The fact that the funding rate in futures did not increase aggressively suggests that the purchases may be due to spot transactions.
The latest situation in funding in a 10-minute period 👇 @glassnode pic.twitter.com/D3wl6T17Uh
— Bitcoin System (@bitcoinsystem) March 27, 2022
We will be watching if Bitcoin, which is in an important resistance zone before the weekly close, can be permanent above these levels.
*Not Investment Advice.