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<p>The post <a href="https://coinpedia.org/price-analysis/why-did-the-bitcoin-price-surge-to-43k-today-will-btc-price-hit-45k-in-the-next-48-hours/">Why did the Bitcoin Price Surge To $43K Today? Will BTC Price Hit $45K in the Next 48 Hours</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Bitcoin price closed the week positively, with the bulls recovering from a challenging start. The cryptocurrency is expected to remain at 41-43k for the next 4-5 weeks before a potential rally in mid-March due to the halving. BTC made a strong comeback, crossing the $43K mark from an intraday low of $41,735. With a market cap of around $843 billion, Bitcoin’s trading volume surged past $13 billion during this rise.</p> 
<h2 class="wp-block-heading" id="h-here-are-the-key-reasons-behind-the-surge"><strong>Here are the Key Reasons Behind the Surge:</strong></h2> 
<p>The first thing that turned the market upside down is a positive sign for Bitcoin’s recent uptrend, which came from Grayscale, a digital asset management firm that reduced its outflows. Grayscale transferred 6,900 BTC (valued at $289.5 million) to Coinbase, marking a nearly 34% decrease in outflows compared to the previous transfer and a significant drop from last week’s average daily transfer of $530.2 million. This outflow reduction suggests Bitcoin’s ability to handle selling pressure, a good sign for market strength.</p> 
<p>The next important factor is the liquidation. However, amidst the positive sentiment, the cryptocurrency market saw <a href="https://www.coinglass.com/LiquidationData">substantial </a>liquidations, totaling $120.54 million in the last 24 hours. Most were from short positions ($63.41 million) compared to long positions ($57.13 million). Major exchanges like Binance and OKX contributed to these figures, indicating that bearish bets are being squeezed out as Bitcoin’s price rises.</p> 
<p>Last, the Federal Reserve’s FOMC meeting is expected to boost Bitcoin’s price action, with a 97.9% chance that the Fed will maintain its 5.25%-5.5% range and pause rates. It could be a bullish event for Bitcoin in the near term.</p> 
<h2 class="wp-block-heading" id="h-what-next-for-btc-price"><strong>What Next For BTC Price?</strong></h2> 
<p>Crypto expert DonAlt believes that Bitcoin’s resilience to selling pressure is a key indicator of market strength. However, analyst Michael Van de Poppe focuses on short-term liquidation and suggests Bitcoin could consolidate around $43,000 after correcting to $38,500. </p> 
<p>While there might be a push towards $48,000-$50,000 pre-halving, he believes altcoins will likely outperform now. Poppe underscores the overall bullish market trend, marking the significant importance of ETF approvals in shaping market dynamics.</p>

Why did the Bitcoin Price Surge To $43K Today? Will BTC Price Hit $45K in the Next 48 Hours

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