Bitcoin and Ethereum Face Critical Moments: What’s Next?

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Coin-Turk 9 months ago 135

On March 6, the king of cryptocurrencies, Bitcoin $88,363, remains at $91,000 as anticipation builds for the upcoming White House Summit. Investors, weary from significant price fluctuations, are eager for the end of a protracted downturn. Historically, Bitcoin tends to perform well in the first quarter after a halving event, and there are about 25 days left to observe this pattern.

Is the Bitcoin (BTC ($87,906.00)) Decline Over?

CryptoJelleNL expresses hope that the decline has ended. At the time of writing, BTC is priced at $91,180, hovering around a region highlighted by the analyst. If price closes around current levels, it could indicate that the bottom has been established.

“It’s still very early, but the initial response to retesting lower ranges is positive.

As mentioned, convert the gray box back into support, and new all-time highs are definitely among the options.”



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