20 June 2026
Bitcoin Will Hit New ATH In March 2022, Predicts Lark Davis
The Crypto market has once again turned $2 trillion, and the leading Cryptocurrency is making a strong move.
After many days, Bitcoin has given a daily close above its 50-day moving average of $42,500. According to popular Crypto market analyst Lark Davis, Bitcoin might hit a new all-time high this March 2022 after looking at historical trends.
Davis claimed, “Last two times we crossed over this line BTC rallied by 54% and 47%. If history rhymes then we could see BTC rallying up into the 60k range in the next few weeks”.
He continued, “The last two 50 day MA breakouts lasted 40 and 46 days until we saw peaks form for the price of #bitcoin. So new high for BTC late March? BTW the break 50 DMA break out in 2020 lasted 180 days. Food for thought.”
Additionally, lots of institutional money also keeps coming to Bitcoin. During the correction, big market players such as MicroStrategy and El Salvador have accumulated Bitcoin.
Yesterday, KPMG Canada also made an announcement that they will be adding Bitcoin and Ethereum to their balance sheet. This is one of the big and first Bitcoin investment announcements of 2022.
According to charts, Bitcoin and Ethereum are acting as the north-star to drive the Crypto market rally further. Santiment also reported, “Both Bitcoin and #Ethereum are thriving once again. $BTC is up to $44.4k for the first time since in over a month, and $ETH is back above $3,180 for the first time in 2.5 weeks. Trader returns on each network are at their most positive since October.”
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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