{"id":3126,"date":"2022-04-04T14:43:19","date_gmt":"2022-04-04T14:43:19","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=3126"},"modified":"2022-04-04T14:43:20","modified_gmt":"2022-04-04T14:43:20","slug":"bitcoin-dices-with-46k-as-elon-musk-twitter-buy-sends-dogecoin-near-2-month-highs","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=3126","title":{"rendered":"Bitcoin dices with $46K as Elon Musk Twitter buy sends Dogecoin near 2-month highs"},"content":{"rendered":"<script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script>\n<p>Bitcoin (BTC) traded in uncertain territory on April 4 as the Wall Street open failed to unleash bullish continuation.<\/p>\n<p><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/p>\n<h2>Trader gives $43,000 BTC near-term dip target<\/h2>\n<p>Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD dipping above and below the $46,000 mark Monday, continuing a low-volatility few days.<\/p>\n<p>The pair had managed to seal a second week near the 2022 yearly open, with analysts already hoping for a breakout to $50,000 or even beyond.<\/p>\n<p>At the time of writing, however, there was still no sign of such an outcome, while Bitcoin stuck to an increasingly narrow low-timeframe trading range.<\/p>\n<p>&#8220;Bitcoin is not really clear to me; it could be because of a very slow weekend which is disturbing a bit my view,&#8221; popular trader Crypto Ed summarized in his latest YouTube update on the day.<\/p>\n<p>Highlighting a falling diagonal resistance trendline, Crypto Ed reasoned that a potential pullback could come as early as Monday, resulting in Bitcoin reversing to $44,800 or deeper to near $43,000 should that not hold<\/p>\n<p>The diagonal, he added, was keeping $50,000 out of reach for the time being.<\/p>\n<p>Fellow trader and podcast host Scott Melker was tentatively hopeful, noting that Bitcoin was being rejected at the 200-day moving average.<\/p>\n<p>&#8220;Rejected at the 200, meandering down to $45,500; we should be heading up,&#8221; he said in a Twitter broadcast Monday.<\/p>\n<p>&#8220;Let&#8217;s hope that whales do not decide to dump on us just because there is a conference.&#8221;<\/p>\n<p>Melker was referring to the Bitcoin 2022 event in Miami from April 6-9, a major gathering of some of the Bitcoin world&#8217;s best-known names.<\/p>\n<h2>Dogecoin rebound follows Musk&#8217;s $3 billion Twitter spend<\/h2>\n<p>On altcoins, the pack was led by Dogecoin (DOGE) on the day, which outpaced all the major cryptocurrencies thanks to a classic publicity boost from Tesla CEO, Elon Musk.<\/p>\n<p><strong><em>Related:\u00a0BTC starts 2022 all over again \u2014 5 things to know in Bitcoin this week<\/em><\/strong><\/p>\n<p>After the billionaire revealed that he had bought a 9.3% stake in Twitter, making him the largest shareholder in the company, DOGE\/USD was the clear beneficiary in crypto, climbing almost to its highest levels in two months.<\/p>\n<p><em>DOGE\/USD 1-day candle chart (Binance). Source: TradingView<\/em><\/p>\n<p>Musk&#8217;s move was the result of a survey held on Twitter itself, in which just over two million respondents told him that &#8220;free speech principles&#8221; were not being upheld by the firm.<\/p>\n<p lang=\"en\" dir=\"ltr\">The consequences of this poll will be important. Please vote carefully.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) March 25, 2022<\/p>\n<p>Other Twitter activity in recent days meanwhile continued Musk&#8217;s direct interaction with the Dogecoin community.<\/p>\n<p>As Cointelegraph reported, inflows to altcoins over the past week underscored increased appetite for what on-chain analytics firm Glassnode called &#8220;riskier&#8221; altcoins.<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-dices-with-46k-as-elon-musk-twitter-buy-sends-dogecoin-near-2-month-highs\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) traded in uncertain territory on April 4 as the Wall Street open failed to unleash bullish continuation. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader gives $43,000 BTC near-term dip target Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD dipping above and below the $46,000 mark Monday, continuing a low-volatility few days. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[2],"tags":[],"class_list":["post-3126","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3126","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3126"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3126\/revisions"}],"predecessor-version":[{"id":3128,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3126\/revisions\/3128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/3127"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3126"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3126"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3126"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}