Bitcoin’s Rise and Falls are Investigated

Despite recent fluctuations in Bitcoin prices, the fact that it is trading at high levels compared to the same period last year attracts attention. Bitcoin, evaluating the month’s market, offers selling opportunities for investors, reaching historical highs within this month, seeing the $73,777 level. Fluctuations in Bitcoin Price Bitcoin price closed February at $61,130 and if it closes above this level in March, it will sign a continuous gain series for 7 months. After the six-month green candle series that lasted from October 2020 to March 2021, the price increased by 445% to $58,783. Before reaching the ATH level, Bitcoin lost 40% of its value in the following three months. During that period, it experienced a decline from $58,790 to $35,037. AllianceBlock founder Matthijs de Vries made evaluations about why this period was exceptional. Factors such as the first Spot Bitcoin ETF approval and the price experiencing new ATH before […]

Bitcoin’s Rise and Falls are Investigated

Despite recent fluctuations in Bitcoin prices, the fact that it is trading at high levels compared to the same period last year attracts attention. Bitcoin, evaluating the month’s market, offers selling opportunities for investors, reaching historical highs within this month, seeing the $73,777 level.

Fluctuations in Bitcoin Price

Bitcoin price closed February at $61,130 and if it closes above this level in March, it will sign a continuous gain series for 7 months. After the six-month green candle series that lasted from October 2020 to March 2021, the price increased by 445% to $58,783.

Before reaching the ATH level, Bitcoin lost 40% of its value in the following three months. During that period, it experienced a decline from $58,790 to $35,037. AllianceBlock founder Matthijs de Vries made evaluations about why this period was exceptional.

Factors such as the first Spot Bitcoin ETF approval and the price experiencing new ATH before the halving period, affected the market. Vries stated that ETF entries could lead to even greater peaks in the Bitcoin price in the near future.

Bitcoin Price Expectations

Investment experts from Rekt Capital shared new market evaluations, stating that the danger has not yet passed, and anything can happen in the market soon. CMCC Crest’s managing partner Willy Woo argues that despite strong sales, investors’ buying a dip could trigger the rise; but emphasizes that each individual needs to make unique decisions about investment strategies.

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how to buy crypto?
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