I Could Be Happy is a song by Scottish new wave band Altered Images, released as the first single from their second album, Pinky Blue. Their second top-10 hit in the UK, the song peaked at number seven in December 1981, and remained on the chart for 12 weeks. It also reached the top 40 in Australia, Ireland, and New Zealand and was their first and only single to chart in the United States, on the Billboard Dance Club Songs chart at number 45 in April 1982.
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