Bitcoin Market is Seeing Volatile Movement

Bitcoin (BTC), rising from levels of $65,000 to $70,000, has recovered some of its losses, but analysts are expecting further correction and consolidation. The crypto king is currently trading at $69,000. Expert Analysis and Consolidation Expectation On-chain analyst Willy Woo indicates that Bitcoin’s SOPR indicator has peaked and expects consolidation for March. Similar situations in historical data have provided buying opportunities for investors. In addition, investors are indecisive about finding the right entry point for Bitcoin, as BTC has shown a 55% increase since the beginning of the year and reached an all-time high. Experienced analyst Michael van de Poppe suggests that BTC might enter a downward trend in the short term and there could be a correction between $57,000 and $61,000. The formation of lower lows and the retreat from the $70,500 level support this prediction. Novogratz’s Bottom Prediction Mike Novogratz, the founder of Galaxy Digital, emphasizes that if […]

Bitcoin Market is Seeing Volatile Movement

Bitcoin (BTC), rising from levels of $65,000 to $70,000, has recovered some of its losses, but analysts are expecting further correction and consolidation. The crypto king is currently trading at $69,000.

Expert Analysis and Consolidation Expectation

On-chain analyst Willy Woo indicates that Bitcoin’s SOPR indicator has peaked and expects consolidation for March. Similar situations in historical data have provided buying opportunities for investors. In addition, investors are indecisive about finding the right entry point for Bitcoin, as BTC has shown a 55% increase since the beginning of the year and reached an all-time high.

Experienced analyst Michael van de Poppe suggests that BTC might enter a downward trend in the short term and there could be a correction between $57,000 and $61,000. The formation of lower lows and the retreat from the $70,500 level support this prediction.

Novogratz’s Bottom Prediction

Mike Novogratz, the founder of Galaxy Digital, emphasizes that if outflows from Bitcoin ETFs increase, Bitcoin could enter a downward trend and predicts the price to hit bottom between $50,000 and $55,000. While the slowdown in entries to spot Bitcoin ETFs may lead to speculation, analysts generally continue to remain optimistic.

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how to buy crypto?
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