Bitcoin made it to a new all-time high on March 13th, despite frequent dips and historical data indicating that March of 2021 could be bearish for BTC and other cryptocurrencies. Seeing Bitcoin rising to new highs doesn’t even seem strange as the top crypto had repeatedly broken its record prices since the end of 2020 and the beginning of 2021. While Bitcoin went over the historical value of 60,000$ with the latest ATH in March, what may be the next price target for Bitcoin? Will the top crypto touch new lows or new highs past the value of 61,000$?
Bitcoin Reaches 60,000$, What is Next?
Despite the bearish atmosphere in March concerning cryptocurrency prices, Bitcoin made it to a new all-time high price once again. Leaving the last high at 58,000$, Bitcoin managed to get past the value of 61,000$ this time, setting up a new record price and leaving many investors wondering what is next for Bitcoin. What is evident is that Bitcoin dipped after reaching a target of 61k, dropping by -10% in the last 4 days since the ATH. Despite the dip, BTC is still taking over 58% of market dominance by market capitalization. The yearly chart is showing nearly 1000% of returns, making the last 365 days rather fruitful for BTC investors and holders who had waited for what is by far the biggest bull run for the top crypto. When it comes to the lowest price for the week, BTC traded at 55,800$ as the lowest weekly value, however, the current value of BTC is sinking below the lowest weekly price. The highest price for the week is the latest ATH, evidently recording major fluctuations every week. Bitcoin is not over with setting new highs, which is how we may expect to see the top crypto attempting to outrun its last ATH of 61,000$ and head for the next target of 70,000$.
Image credits: Cover photo taken from CardMapr on Unsplash
