{"id":21001,"date":"2022-03-16T08:15:12","date_gmt":"2022-03-16T07:15:12","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=21001"},"modified":"2022-03-16T08:15:21","modified_gmt":"2022-03-16T07:15:21","slug":"bitcoin-btc-is-back-to-41000-but-heres-why-retail-investors-shouldnt-purchase-yet","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/bitcoin-btc-is-back-to-41000-but-heres-why-retail-investors-shouldnt-purchase-yet\/","title":{"rendered":"Bitcoin (BTC) Is Back To $41,000, But Here’s Why Retail Investors Shouldn’t Purchase Yet"},"content":{"rendered":"\n
Bitcoin (BTC) <\/a>makes an unexpected surge to the north just a day before the Federal Reserve intends to announce its first rate hike in four years. <\/h5>\n\n\n\n
\"Bitcoin
Bitcoin back at $41000<\/figcaption><\/figure><\/div>\n\n\n\n

Bitcoin is now trading 5% up above\u00a0$41,000 at the time of publication. Bitcoin has now climbed back<\/a> above $40,000 for the third time in three weeks.<\/p>\n\n\n\n

Retail investors, however, should not be fooled by this increased optimism. BTC has crossed over its 20-day EMA and 50-day moving average with today's move. But make no mistake: the world's largest cryptocurrency is still well below its 200-day moving average (DMA) of $48,622. Only by crossing these levels will we be able to confirm some signs of an uptrend.<\/p>\n\n\n\n

\"Bitcoin<\/a>
bitcoin”s movement<\/figcaption><\/figure><\/div>\n\n\n\n

With U.S. inflation rates reaching a four-decade high, the current global macroeconomic situation appears to be rather fragile. The geopolitical instability surrounding the Russia-Ukraine conflict, on the other hand, has aggravated the problems. A\u00a0Twitter account run by Glassnode co-founders explains\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>:<\/p>\n\n\n\n

Liquidation sizes decrease as Bitcoin\u00a0is squeezed into the $38-$42k price range (B). Long liquidations continue to dominate. The next big move is confirmed once we break the $36-$45k range (A).<\/p><\/blockquote>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Don't Expect Bitcoin to Rally ‘Aggressively,' Says Mike Novogratz<\/strong><\/h3>\n\n\n\n

Mike Novogratz, a billionaire crypto investor and the creator of Galaxy Digital, believes that Bitcoin's chances of rallying<\/a> ‘aggressively' are slim, given the Fed's plans to raise interest rates and implement severe quantitative tightening measures.<\/p>\n\n\n\n

The Fed is reportedly planning four minimum rate hikes this year, with as could go as high\u00a0as 7-8 hikes possible if inflation does not stabilize quickly. Bitcoin, according to Novogratz, will remain at the $30,000 to $50,000 level this year. He further added<\/use><\/svg><\/span><\/a>:<\/p>\n\n\n\n

\u201cI don\u2019t think Bitcoin can rally aggressively until we get a pause. Bitcoin is a narrative story, it\u2019s bringing people into the community. It\u2019s hard to bring in new people when their house is on fire.\u201d<\/em><\/p><\/blockquote>\n\n\n\n

New York State, according to Novogratz, needs to do rid of BitLicense, which makes it extremely difficult for other crypto companies to do business in the state.<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) makes an unexpected surge to the north just a day before the Federal Reserve intends to announce its first rate hike in four years. Bitcoin is now trading 5% up above\u00a0$41,000 at the time of publication. Bitcoin has now climbed back above $40,000 for the third time in three weeks. Retail investors, however, […]<\/p>\n","protected":false},"author":32,"featured_media":21002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83,76],"tags":[5371],"class_list":["post-21001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","category-bitcoin-price","tag-bitcoin-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/03\/btc-2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/21001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=21001"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/21001\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/21002"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=21001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=21001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=21001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}