Bitcoin on the Rise

Bitcoin ended March near its all-time high, causing concern among investors. Despite a 17% drop, this is still considered relatively low for bear market corrections. The increase in mining difficulty reinforces signs of a rise. Additionally, macroeconomic triggers can increase the volatility of risk assets. Bitcoin’s Current Situation Last week ended successfully for Bitcoin, with the weekly closing just below $67,200. Despite being $1,200 lower than the previous week, the Bitcoin/USD pair offset a large portion of previous losses, falling below $61,000. Weekend price gaps tend to close quickly in the new trading week. Analyst Mark Cullen is focusing on a price gap in the CME futures markets and wonders if it will be filled soon. Bitcoin Predictions from Experts There are different views on the state of Bitcoin among market participants on Wall Street. Some investors believe Bitcoin needs to correct and the price needs to surpass $69,100 for […]

Bitcoin on the Rise

Bitcoin ended March near its all-time high, causing concern among investors. Despite a 17% drop, this is still considered relatively low for bear market corrections. The increase in mining difficulty reinforces signs of a rise. Additionally, macroeconomic triggers can increase the volatility of risk assets.

Bitcoin’s Current Situation

Last week ended successfully for Bitcoin, with the weekly closing just below $67,200. Despite being $1,200 lower than the previous week, the Bitcoin/USD pair offset a large portion of previous losses, falling below $61,000.

Weekend price gaps tend to close quickly in the new trading week. Analyst Mark Cullen is focusing on a price gap in the CME futures markets and wonders if it will be filled soon.

Bitcoin Predictions from Experts

There are different views on the state of Bitcoin among market participants on Wall Street. Some investors believe Bitcoin needs to correct and the price needs to surpass $69,100 for bulls to gain momentum. On the other hand, different analysts interpret changes in daily RSI data, indicating an exit from the bearish trend in March.

As a result, Bitcoin investors and analysts are closely monitoring the price movements and technical indicators of the cryptocurrency in an attempt to make predictions about its future.

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how to buy crypto?
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