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.
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.
Will #Bitcoin close its second consecutive weekly candle above $46,000?Find out soon! pic.twitter.com/0zIAMtOGzS
At around $46,500 at the time of writing, Bitcoin had plenty of potential, but even a moderate last-minute pullback could make the weekly chart look quite different.
Add another $500, by contrast, and the weekly close would be Bitcoin's highest of the y
"Bitcoin still holding crucial level here, so continuation seems likely to be happening if we remain above $45K," Cointelegraph contributor Michaël van de Poppe stated Saturday on the broader picture beyond the weekly close.
Van de Poppe, like others, was eyeing a challenge of $50,000 in the coming week based on recent strength.
Data covering inflows into crypto markets meanwhile showed renewed appetite for altcoins over the past week.
Related: Solana jumps past key selloff junction: SOL price eyes $150 in April
As noted by Yann Allemann and Jan Happel, co-founders of on-chain analytics firm Glassnode, those altcoin inflows had increased in step with diminishing upside on BTC.
Total inflows last week were nearly $200 million, with Bitcoin reponsible for around half the tally.
$193mn inflows into crypto last week$98mn #Bitcoin inflows$87mn $SOL
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