Bitcoin Watchers Do Not See Any Radical Shift In Levels Thanks To Current Macro Conditions

Securitize Capital head Wilfred Daye sees Bitcoin BTC/USD unlikely to break above $46,000 anytime soon, barring a macroeconomic “vibe shift,” Bloomberg reports.
The volatile coin is on track to end the week 5% higher at $40,700, paring back its decline from a November high to 40%.
Also Read: Bitcoin Analysts React To Fed Rate Hike: Is A ‘Short Squeeze’ In Cards Above $40K Level?
For Bitcoin to breakout, a tech rally and macro risk-on sentiment were essential as neither the tactical longs in Bitcoin nor price momentum were enough to drive the prices.
Cryptocurrency investor Michael Novogratz did not see Bitcoin sustaining the range of $30,000 - $50,000 amid the rising U.S. interest rates given its past performance.
GlobalBlock analyst Marcus Sotirou also did not see any aggressive uptick in prices in 2022 due to the macro conditions.