Bitcoin $83,958.40It is stated that at the end of March, it may experience serious depreciation. Fundstrat Global Advisors Research President Tom Lee stressed that Bitcoin may decline by 34 %due to market fluctuations. According to this foresight based on analyst Mark Newton’s technical indicators, Bitcoin is expected to fall to $ 62,000 by the end of March. However, long -term expectations are positive.
Critical data in Bitcoin technical analysis
Tom Lee’s analysis shows that Bitcoin can enter into a very harsh fluctuation in the near future. Mark Newton, technical analyst, says that digital assets can test critical support levels. While a decrease of approximately 34 %is foreseen, it is stated that this is the result of market fluctuations.
Looking at the current price movements, Bitcoin seems to be likely to decline to the $ 62,000 band, one of the psychologically important levels. However, according to Tom Lee, it is emphasized that Bitcoin’s place in the market is intact and the ratio of adoption increases.
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Critical Warnings to Bitcoin investors
Bitcoin is traded at $ 93.287 as of the publication of the article. However, market conditions indicate that uncertainties may increase in the short term. Experts say that international economic developments and macroeconomic data may be effective on Bitcoin prices.
Although serious fluctuations are expected in the short term, Bitcoin is thought to maintain its reliability as a long -term storage tool. However, it is claimed that market conditions force investors to be careful. The increase in the adoption rate of Bitcoin and its long -term benefits continue to support that this process may be temporary.
Experts suggest that investors should be cautious against temporary fluctuations and closely monitor market data. Bitcoin’s strategy is important considering market movements and technical indicators.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
