Is The $46K Level The Calm Before The Storm Before Bitcoin As It Eyes $100,000 In 2022? What Experts Are Saying

As Bitcoin BTC/USD continues to hold above the $46,000 level on Tuesday evening, here’s what four analysts and expert traders are saying about the largest cryptocurrency by market capitalization.

What Happened: Amsterdam-based popular cryptocurrency analyst Michaël van de Poppe told his over 547,000 followers on Twitter that while Bitcoin might have already hit a low, it did not take the liquidity beneath the lows.

This scenario still standing, but might be that we've hit the low already for #Bitcoin.

Only concern; didn't really take the liquidity beneath the lows. pic.twitter.com/Yj03vwBWKx

— Michaël van de Poppe (@CryptoMichNL) January 4, 2022

Justin Bennett, who has over 96,000 followers on Twitter, said he is still not convinced that Bitcoin will move higher without retesting the $40,000 to $42000 range.

I'm still not convinced that $BTC escapes the current situation without a retest of $40k-$42k.

Orders are set.

— Justin Bennett (@JustinBennettFX) January 4, 2022

See Also: How To Buy Bitcoin (BTC)

Cryptocurrency analyst Benjamin Cowen compared Bitcoin’s current position to that of a duck sitting at the edge of a waterfall. He noted that altcoins are holding stronger than usual with Bitcoin’s move lower.

#Bitcoin right now pic.twitter.com/jnVihEyiXS

— Benjamin Cowen (@intocryptoverse) January 4, 2022

Cantering Clark, a pseudonymous trader told his over 100,000 followers on Twitter that he believes the chances of Bitcoin touching $100,000 was “very high.” He was referring to a report by Bloomberg that quoted Goldman Sachs Group GS as saying that Bitcoin will continue to take market share from gold.

Yup, I think the chances are very high.https://t.co/a0TiZuUDdk

That being said, it reminds me of what MGNR said. "Long term:

probably up, but in a boring / low octane fashion"

— Ryan Cantering Clark (@CanteringClark) January 4, 2022

Price Action: Bitcoin is down 0.2% during the past 24 hours, trading at $46,413.97 at press time.

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