Bitcoin’s swift correction after hitting a new all-time high is seen as a step towards market consolidation.
Despite potential sharp corrections, the long-term outlook for Bitcoin remains positive.
In the frenzy of the crypto market, Bitcoin surged to a new all-time high of $69,324, only to experience a sharp correction shortly thereafter. This volatility unfolded in the early hours of trading on Wall Street on March 5, marking a significant moment in the digital currency’s history.
Despite the excitement surrounding the new peak, the correction was swift and significant, with Bitcoin’s value had dropping 9.75% to $59,323. Analysts have weighed in on this development, interpreting the pullback as a necessary step towards a “healthy consolidation” phase for the cryptocurrency.
But, at the time of writing, the price of BTC has risen 0.14% in the last 24 hours, reaching a price of $66,968.39. This represents an increase of 12.61% over the past 7 days. Signaling a correction migh

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