On-chain analysis firm Swissblock said that the recent correction in Bitcoin (BTC) is the beginning of a movement that will take the price to 76 thousand dollars.
Swissblock analysts made statements about the current situation of the cryptocurrency market. In the details of the statement, all crypto money markets, including Bitcoin, are included. March 5 More of the bloodbath that took place today fuel for ascension It was stated that it would happen.
Bitcoin after the decline 67 thousand dollars rapid recovery to the level On the way to 76 thousand dollars Saying that it was the first step, analysts predicted that altcoins would also accompany this rising wave.
Similarly, in bull markets, declines are perceived by investors. was bought very aggressively and it was noted that this buying pressure led to a sudden recovery in prices.
According to CoinGecko data, in the last 24 hours 0.5% Bitcoin losing value at the time of writing from $66,808 is being traded.