Can Bitcoin seal its best weekly close of 2022? BTC price sits at $46.5K

Can Bitcoin seal its best weekly close of 2022? BTC price sits at $46.5K

Bitcoin (BTC) bulls had everything to play for on April 3 as the first weekly close of the month looked set to be above the all-important $46,000.

Can Bitcoin seal its best weekly close of 2022? BTC price sits at $46.5K

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Anything could happen in final hours of Sunday

Data from Cointelegraph Markets Pro and TradingView painted an interesting picture Sunday, as commentators waited for some classic end-of-week volatility.

BTC/USD had delivered few surprises over the weekend, with an overnight dip to near $45,500 the worst that hodlers had to confront.

Now, the odds were on for a potential second weekly close above the 2022 yearly open of $46,200. 

Risk appetite in the short term thus contradicted forecasts of a risk asset rout engendered by macro factors, something analysts nonetheless had tipped to become a feature in Q2.

Source

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