{"id":44301,"date":"2021-06-14T16:54:16","date_gmt":"2021-06-14T13:54:16","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44301"},"modified":"2025-08-31T16:20:58","modified_gmt":"2025-08-31T13:20:58","slug":"analysts-forecast-bitcoin-price-to-reach-46000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analysts-forecast-bitcoin-price-to-reach-46000\/","title":{"rendered":"Analysts forecast Bitcoin price to reach $46,000"},"content":{"rendered":"<p>Whalemap&#8217;s service envisaged the price of Bitcoin rising to $46,000 after crossing the $40,000 mark.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Once we get there, some whales will be selling at 46k to reduce risk at their breakeven prices.<\/p>\n<p>\u2014 whalemap (@whale_map) <a href=\"https:\/\/twitter.com\/whale_map\/status\/1404413650706784260?ref_src=twsrc%5Etfw\">June 14, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the service, in the price range ($33 000-$40 000) major holders of digital gold purchased about 461 000 BTC. In the next price band ($40 000-$46 000), the situation differed \u2014 at these levels, Bitcoin whales bought far less frequently.<\/p>\n<p>Analysts believe that if Bitcoin&#8217;s price breaks through the $40 000 resistance, it could trigger a powerful rally toward the $46 000 target.<\/p>\n<p>After reaching the target, the upward move could pause \u2014 some whales may hedge risks by selling part of their holdings at break-even.<\/p>\n<p>According to Whalemap, major investors also actively accumulated digital gold at prices in the $50 000-$60 000 range.<\/p>\n<p>Earlier, Santiment noted that amid the market correction, whales <a href=\"https:\/\/u1f987.com\/en\/news\/whales-boost-positions-amid-bitcoin-correction\">increased their positions in the leading cryptocurrency<\/a>. According to the company, over the last month Bitcoin addresses holding more than 1 000 BTC collectively bought 80 000 BTC during the price drop.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udc33 <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> whales aren\u2019t slowing down their accumulation of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>, and the uptrend of tokens held by these addresses holding 1,000+ <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> continues. This is a strong bode of confidence for <a href=\"https:\/\/twitter.com\/hashtag\/bulls?src=hash&#038;ref_src=twsrc%5Etfw\">#bulls<\/a>, seeing top key stakeholders are increasing their bags. \ud83d\udcb0 <a href=\"https:\/\/t.co\/EpWks1TIqX\">https:\/\/t.co\/EpWks1TIqX<\/a> <a href=\"https:\/\/t.co\/3bsprADbhI\">pic.twitter.com\/3bsprADbhI<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1402800016381689856?ref_src=twsrc%5Etfw\">June 10, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On June 14, Bitcoin price <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-back-above-40000\">broke through the resistance at $40 000<\/a>. At the time of writing, the cryptocurrency was trading at $40 567.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"502\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-41-1024x502.png\" alt=\"Analysts forecast Bitcoin price to reach $46,000\" class=\"wp-image-138894\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/btc-41-1024x502.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-41-300x147.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-41-768x377.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-41-1536x754.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/btc-41.png 1828w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/ru.tradingview.com\/chart\/00O1pBoT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Earlier, Elon Musk said that <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-rises-12-on-the-back-of-elon-musks-latest-tweet\">Tesla would resume accepting Bitcoin for electric-car purchases<\/a> once it confirms that at least half of miners have switched to renewable energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whalemap&#8217;s service envisaged Bitcoin rising to $46,000 after crossing the $40,000 mark.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1146],"class_list":["post-44301","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44301"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44301\/revisions"}],"predecessor-version":[{"id":44302,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44301\/revisions\/44302"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}