In my opinion, the price of bitcoin will still experience a bullish trend in the midst of a green market like today. Although later the price will drop occasionally and that is only natural because crypto prices often experience rapid increases and decreases. Therefore it seems that the next bitcoin price target will be around $48k within this week.
There will be a lot of ups and downs before we can get to $48,000 at least. It seems that the market has stagnated to $43,000 for this week. Maybe the bulls doesn't have the final push or the market is on a wait and see basis. Usually this happens if we go and try to break a big barrier like $45,000 and then we fail. So we will see if the bullish trend will continue, but I wouldn't be surprised if we are going on a sideways pattern.
True. We are used to witness volatility in Bitcoin market that I consider an opportunity to make money by proper risk management and avoiding impulsive decisions. last week Bitcoin was down because of negative news coming from Ukraine but this weeks seems good and most likely we will see closing of weekly candle above 46K.
I think it is still $45,000 to broken first, and then we can talk about $46,000 and higher.
The Ukraine news seems to be fading away as the market perform very good the start of the week. Hopefully we can close this week with a good rebound and who knows, there could be another shock for us this week. Because as far as TA (RSI strength) is concern, this could be another bull run for us.
You are absolutely right that first Bitcoin has to break 45K then we talk about any further upside. My optimistic view is based on positive news coming from Russia about troops pull out from Ukraine. I think if we don't see any further escalation in tension we might see a parabolic candle and Bitcoin will break above 47K. DYOR