bitcoin rises 5 in 3 hours is a 46000 re test near

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Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, as risk sentiment continues to improve after last month's tariff The crypto market stepped into Tuesday on a green note. The prices of most coins were up by 3%-8% on the daily window, thanks to Bitcoin. Ali Martinez took to the X platform on Saturday, February 17, to share an in-depth analysis of an impending correction for the Bitcoin price. This evaluation is based on the distribution of Bitcoin rises 5% in 3-hours; Is a $46,000 re-test near? The crypto market stepped into Tuesday on a green note. The prices of most large-cap coins were up. The price of Bitcoin on the 4-hour chart shows a notable bearish momentum as it attempts to break below the critical 100-day Simple Moving Average (SMA). If BTC successfully drops Bitcoin has been Highly Volatile. However, according to an analyst, Bitcoin is unlikely to break above $46,000 soon unless there is a macroeconomic “vibe shift.” The Bitcoin price rose by 4.6% from $44,332 on Feb. 8 to hit a four-week high of $46,374 on Jan. 9, according to data from CoinMarketCap. This resulted in $95.82 million 6 de sept. de 2025 The seasoned trader warned that testing the lower boundaries of the trend could see Bitcoin hit $46,000. This is called an inverted expanding triangle or a megaphone. A Sparked by a similar exit from its relative strength index (RSI), BTC price action is now closing in on its yearly opening price just above $46,000. Bitcoin price action is now heading towards its yearly start of just over $46,000. On-chain analysis resource Material Indicators analyzed the impetus behind the progress of the past few days

Bitcoin Rises 5% in 3 Hours: Is a $46,000 Re-Test Near?

The crypto market stepped into Tuesday on a green note, with most large-cap coins experiencing gains. Bitcoin rose to its highest level in recent weeks, sparking speculation about a potential re-test of the $46,000 level. But is this surge sustainable, or are we heading for a correction?

Recent Bitcoin Price Action: Volatility and Momentum

Bitcoin has been highly volatile recently. The Bitcoin price rose by 4.6% from $44,332 to a four-week high, resulting in significant trading activity. This recent surge saw Bitcoin rises 5% in 3-hours! The price action is now heading towards its yearly start of just over $46,000.

Analyst Predictions: Correction Imminent?

However, some analysts are warning of a potential correction. Ali Martinez, for example, shared an in-depth analysis suggesting an impending correction for the Bitcoin price, based on the distribution of holdings. Another seasoned trader warned that testing the lower boundaries of the trend could see Bitcoin hit $46,000 as part of an inverted expanding triangle or megaphone pattern.

The $46,000 Level: A Key Threshold

The $46,000 level is proving to be a crucial point for Bitcoin. Sparked by an exit from its relative strength index (RSI), BTC price action is now closing in on its yearly opening price just above $46,000. One analyst suggested Bitcoin is unlikely to break above $46,000 soon unless there is a macroeconomic “vibe shift.” On-chain analysis resource Material Indicators analyzed the impetus behind the progress of the past few days.

Bearish Signals: 4-Hour Chart Analysis

Looking at the 4-hour chart, there's notable bearish momentum as Bitcoin attempts to break below the critical 100-day Simple Moving Average (SMA). If BTC successfully drops, this could reinforce the correction narrative.

Conclusion: Is $46,000 a Reality?

Whether Bitcoin will re-test $46,000 and sustain that level remains to be seen. While Bitcoin rose to its highest level on record on Wednesday, eclipsing the previous high from January, the crypto market remains sensitive to both positive and negative sentiment. Keep monitoring the charts and analyst views to make informed decisions.

Overview